Also, note the price formation. On the you can see a bottom that breaks the recent downtrend. Further on the right side of the chart you can see price begin to rise ever so slightly. This is a sign that price is beginning to respond to a tightening of .
I have set the entry point slightly above the most recent high because I want to see this stock continue to demonstrate the ability to generate new highs. I set the stop at a level that I believe price would violate an uptrend line. I set my target as the highest high on the chart. However, it the stock goes beyond that high, I will stay with it.
Again, please exercise caution with stocks like this.
all indicators pointing up. Price trying to breakout of down trend with a flat bottom base and stair stepping up.
Notice the surge in the OBV and and yet price and are flat. This is unusual.