- holding above daily MA ++
- MACD signal is green on 3D chart ++
- Downtrend broken +
- Trendline resistance ---
- Overall bearish market sentiment -
- Overhead VWMA resistance ---
- Likely that it tests VWMA at 164 (on news?) and pulls back into the ER. if it builds above 150, could see 225 level soon after. still early, but should be on the focus list for 2022.
Trade active:
Playing just as expected....ER is critical...chart suggests test of 185 zone...either pullback or consolidation there would be very bullish.
Trade active:
Still bullish above 136...no except VWMA, all signals are pointing in upward direction. Now test of 164 would be critical for long. hold above should ramp the price.
Comment:
clearest sign of bear market are when stocks break down at/below resistance like this one did...ER was used to dump the share...broke the key support last week...will continue to fade.