HShare (HSR) is close to breaking out of the blue descending triangle. HSR is also still following the pink uptrend line. If it does break out of the descending triangle then we will move towards our .001166 resistance and follow the ascending triangle formed by the pink and red trend lines.
Bullish signals:
1) ADX is close to crossing over from bearish to bullish
2) RSI is at 47 which gives us plenty of room for upward growth
3 )MACD is showing signs of a crossover
Please comment and offer any advice you may have as I am a young trader trying to learn!
***Trade at your own risk! I am not a professional trader or financial adviser.***
Bullish signals:
1) ADX is close to crossing over from bearish to bullish
2) RSI is at 47 which gives us plenty of room for upward growth
3 )MACD is showing signs of a crossover
Please comment and offer any advice you may have as I am a young trader trying to learn!
***Trade at your own risk! I am not a professional trader or financial adviser.***
Comment:
We have broken blue support. Stay tuned!
Comment:
HSR held blue support at bottom of descending triangle and is now moving back upwards.