TA needs to break 2.50 for a home run

TA’s Doji last Friday wasn’t confirmed today so there is a big possibility that TA will continue to move up. The only challenge now is how to break that resistance at 2.50 per share or 78.6% Fibonacci Retracement level. I think that once this is broken, it would be easy for TA to reach the 2.81 or at least close the gap.

Ichimoku elements are still in bullish positions. We didn’t get rid of our upward channel yet because we will be needing the higher slope for our support.


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