Pelikan - Blowout artiste ?

This stock has been ranging for a while now, but the picture is getting more interesting. My proprietary ZZZZ indicator (1st panel )has been triggered since April 28th.. This indicator is used to forewarn a possible explosive move would come soon. But this indicator do not foretell the direction of the move, I have to look at the other indicators for hints.

The MACD has now crossed above the zero signal line which is positive. But the most exciting items on both its daily and weekly chart is the presence of a bullish divergence which is telling us that the sellers have already exhausted their fire power and any time now the bull may just return and break their bones.

Please note 1.05 has been a strong resistance and support. So watch a closing of above this price which should signal the return of the big charging bull on this stock. Meanwhile it may just continue to rangebound which will help to tighten the width of the Bollinger Band which usually is another sign that the stock is getting itself ready. But in cas it closes below 0.87, then you can forget you read this (at least for a while until the next buy signal comes along )

The more conservative upside targets are 1.60, 2.20 and 2.70.

I trade solely technically and ignore fundamentals (financials and outlooks etc), but stocks are slightly different from futures which I would have to look at whether the owners/management are snakes and whether they owe a lot of money . Stocks can end belly up, futures cannot. This company is not much - a stationary company. (Did I hear you yawn ?)