Ying Li is currently trading in a Falling Wedge. The stock is currently testing 20D and 50D MA resistance, and also 23.6% Fibonacci Retracement Level at $0.438. Breaking these resistance level gives a chance to Ying Li to break the falling wedge resistance at about $0.46. Price target for successful breakout is $0.85. Keep a close eye on the breakout.
Tags: Falling Wedge