As you can see in the chart, we've got a few bounces on the 150 EMA, including a drop below and immediate surge when crossing back over.
With that being said we have a support line turned resistance that may have been found (red line) - This may become a short term target line but ultimately I do not expect it to hold long.
We've also got a bit of a wedge being created that holds a timeline no later than April 20 for a price push back to the positive.
I attached my previous review of the chart which was back in January/February range. I'm adjusting those targets a bit to the northland settling at around a 50% retrace.
This could be a whiff and it could be fantastic. Your money isn't mine so don't make investments based on this without doing your own research.
Cheers!
With that being said we have a support line turned resistance that may have been found (red line) - This may become a short term target line but ultimately I do not expect it to hold long.
We've also got a bit of a wedge being created that holds a timeline no later than April 20 for a price push back to the positive.
I attached my previous review of the chart which was back in January/February range. I'm adjusting those targets a bit to the northland settling at around a 50% retrace.
This could be a whiff and it could be fantastic. Your money isn't mine so don't make investments based on this without doing your own research.
Cheers!
Comment:
Broken south, danger zone with multiple clear lines of resistance to the north
Comment:
Cranges? Cranges McBasketbal?
