HTHT: MACD divergence and resistance bounce

A couple of promising indicators appearing on the HTHT daily chart:

1.- MACD divergence: prices are setting lower lows, but the MACD is recording higher lows.
2.- MACD is rising towards the zero line.
3.- Did not break through resistance at closing.

A couple of things to monitor before I trade. I'll be waiting for the MACD to cross zero and to see if the resistance line is held for a possible double bottom.

Comment:

This is really starting to tease us. It just registered another higher low on the MACD (but the slimmest of margins) and another lower low on the chart. It just needs to cross the zero line before it's worth looking at.

Being a Chinese company, this will also be dependent on the ongoing 'trade wars'. Any positive news on that front will probably be a better trigger for some upwards price movement.

Comment:

This is getting close. Another test of the upper trend line as well as the 50 day EMA, and closing in on the zero line.

Trade active:

All the signals are saying it's time to go long. Broke through the 50 day and the MACD has crossed over.

For ultra-conservatives, there's a couple of resistance levels that can be used to further confirm the trend reversal, being the 100 day EMA and just over the $33 mark.

Trade closed: stop reached:

See the updated charts on the below link.