Looking on the weekly chart we are trying to remain above the 21sma, starting to see increasing volume with the MACD trying to make its cross. Volume breakout above its decreasing trend line and RSI still on its upward movement. We did see the latter half of last week make a small sell off after hitting its $2.50 resistance, we are looking for it to hold the 21sma next week.
Symbol: PAT.v
Market Outlook: We are expecting Patriot One Technologies inc. to test its 21sma support at $2.18 on the weekly chart which is also where the 100sma on the daily chart sits.
Support: $2.18
- 21sma – $2.18
- 50sma – $1.85
Resistance: $2.50
- Upper BB – $2.74
- ATH – $3.04
Technicals: MACD trading above 0 and starting to make its cross on the weekly chart, Money Flow Index (MFI) starting to make a bounce off the oversold territory and volume breaking above its decreasing downtrend line.
Sentiment: Bullish
