Short Term Penny Play: Continuation into RttM or NHODSnail, Inc. Class ABATS:SNALWis_SNAL ### Authors Notes ### My method of TA relies on Fibonacci retracement and pivot zones, price action, smart money concepts, and wedge pattern. I also use other ancillary tools and indicators as well such as oscillators and MA's. >Setup Analysis: - this ticker had a recent breakout then awfully low retracement considering that it has net positive bullish volume. - it is currently laying flat hovering near the 200 MA's on the h-1 chart ---> circa %15 below current level. - dilution is always a risk with penny plays but given the net positive volume and current price level it is not an elevated one for the time being. > Target Analysis: two way for this play to pan out: a- reversion to the mean (Rttm). i.e., VWAP ---> some %45 from current level ---> @ $1.18; and/or b- pass the %50 retracement mark for a new high of day (NHOD) ---> above $1.30 ---> very high yielding profits.