WM - Maps To Greener Tendies

9 באוג׳ 2023

Price action has spent months forming a solid bottom and looks to be making the first moves of a breakout.

The Chikou span is up crossing price action, which generally precedes a breakout.

Senkou span is acting as support, aligned with our first support zone.

I would expect the price action to retest and possibly even break down under the first supply zone.

However, I do not see the case for price action retesting it's bottom unless new information came to light that would have material effects on the company going forward.

This is only a price analysis, and as always, Trade Safe!