The 9, 13, 21 hour moving averages are approaching the 55 hour moving average. If all three cross over, possibly in the next three hours, this will be a VERY bullish indicator and should lead to a significant increase in volume.
My target is 996. I don't think it will break 1000 on the initial run but if it does look for 1030.
My target is 996. I don't think it will break 1000 on the initial run but if it does look for 1030.
Comment:
The 21 hour is crossing now. If this holds buy volume will start coming in the next hour.
Comment:
Just noticed I labeled the MAs wrong. Blue should be 9 hours and yellow should be 21 hours.