As you can see the action price already break the last big resistance, it struggle since march last year and now it seems to be coming back, in MACD we have a good volume that shows momentum the two lines are crossing, the four MVA lines(5,20,50,200) now are under the price meaning the beginning of a bullish trend (check that since the very first time for the company the price is above the 200 MVA) and if I could guess, I believe it could be around the 50s in the next six months, for now I expect to reach the other previous resistence that was 30 dollars either tomorrow or friday.
This is the first chart I ever publish please share your ideas so I can keep learning, this is not a financial advise always do your own research.
Thanks for reading.
Show some love commenting below and share what other indicators you would use to reinforce a technical analysis like this.
Ghostrader
This is the first chart I ever publish please share your ideas so I can keep learning, this is not a financial advise always do your own research.
Thanks for reading.
Show some love commenting below and share what other indicators you would use to reinforce a technical analysis like this.
Ghostrader
Comment:
Sorry I put short down but is actually short and long up, bullish.