This has been grinding along for long enough now....surely This has a lot of potential if that volume keeps rolling in Holding
ENTRY: 1.450 SL: 1.255 TP: 1.610 - ADX>20 - RSI>50,RSI<70 - Daily RS +ve - Daily FFI +ve - Daily MACD -ve - Weekly RS +ve - Weekly FFI +ve - Weekly MACD +ve - Retracement to cover gap and until 50% fib. level since 2 Nov 2021. - Possible buyers coming back in on 29 Nov 2021. - Above HVN currently as well.
Strength in the background. Low volume correction. Stop hunt formed a springboard. Also i have looked at the company's financial statements and have it fairly valued above it's all time highs. Bullish divergence in Awesome Oscillator.
Two options....imo 1. Move sideways briefly to where the trend and resistance line meet and then gap up to low 0.40s and float back down to rebound again off the trend line. 2. Will immediately gap up to low 0.40s With different indicators it seems to be comfortably bullish. Solid trend line confirmed, making higher lows. Support and resistance...
PPS breaks through resistance at 0.5 after numerous attempts, along with rising OBV volume and rising RSIMA(30)
PPS The brief trade analysis presented above is my predicted direction. The daily chart show the bullish signal. The price bounces from EMA 100 and RSI confirmed price reversal. We should be ready to see the further upward movement. Profit targets are $0.75 and $0.80 levels.