Not a sure thing that the breakout will confirm here, always a chance it could correct back inside the channel once or possibly even twice before triggering the real breakout, though of course the current move could easiy be the breakout. Either way sooner rather than alter the breakout should be official and once that happens the target will be around 63-64 cents. For now the current bullish impulse looks very convincing. If it can maintain solid support on the top trendline of the channel then we will almost certainly see the recent deathcross be uncrossed and confirmed a fakeout. *not financial advice*
Commentaire:
Confirming the 100ma in yellow as solid support will definitely greatly increase the probability of this being the breakout as well. For now it is support but would like to see a daily candle or two close above it.
Commentaire:
Target hit!