N wave with E, N & NT projection.
The stock has recently broken above a significant downtrend line, signaling a potential trend reversal from a prolonged downtrend.
It also recently moved above the Kumo, confirming bullish momentum.
Pullback after the wave B peak around 0.32, currently consolidating near the Kumo top with support around 0.28-0.29.
Price above cloud - a bullish signal.
Tenkan-sen above Kijun-sen - short-to-mid-term bullish.
Kumo ahead is thin, indicating little resistance on the upside.
Enter near current price or on a slight pullback to support near 0.28-0.29, which aligns with the Kumo top and recent consolidation.
Stop loss below the Kumo (~0.265) protects against a reversal.
Ride the uptrend to target zones, ideally scaling out partial profits at each projection level to lock gains.
The volume breakout in early May confirms strength – a good sign for sustained movement.
Note:
1. Analysis for education purposes only.
2. Trade at your own risk.
The stock has recently broken above a significant downtrend line, signaling a potential trend reversal from a prolonged downtrend.
It also recently moved above the Kumo, confirming bullish momentum.
Pullback after the wave B peak around 0.32, currently consolidating near the Kumo top with support around 0.28-0.29.
Price above cloud - a bullish signal.
Tenkan-sen above Kijun-sen - short-to-mid-term bullish.
Kumo ahead is thin, indicating little resistance on the upside.
Enter near current price or on a slight pullback to support near 0.28-0.29, which aligns with the Kumo top and recent consolidation.
Stop loss below the Kumo (~0.265) protects against a reversal.
Ride the uptrend to target zones, ideally scaling out partial profits at each projection level to lock gains.
The volume breakout in early May confirms strength – a good sign for sustained movement.
Note:
1. Analysis for education purposes only.
2. Trade at your own risk.
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