TAKOF | Looking for a rising wedge breakout

13 Nis 2021

Hi all,

Drone Delivery Canada Corporation is looking to break out of a long-term rising wedge after a sharp pullback.

Positives:
- Uptrend still intact
- Potential rising wedge breakout
- MACD looking to crossover to bullish
- RSI has improved

Look out for:
1. A close above the wedge
2. A close above the 20-day MA
3. MACD to continue bullish crossover
4. Volume to increase

For an entry around 1.180$

TP and SL on chart

Any thoughts?
(*This is not financial advice, for sake of discussion and illustrative purposes only*)

16 Nis 2021

Not

Price seems to have broken down below the wedge. Could trade back down to 0.8$ at this point..