This is pure chasing of momentum. It seems like the resistance at 1.400 is broken with sufficient volume backing it. Volume increased on both buying days, denoted by the green arrows.
We do have a significant selling volume on 04 Nov 2022, hence the first TP is at 1.680.
If the price managed to break above 1.680, then this would signify that 04 Nov 2022 is a...
From early this year to mid March, we can see the formation of a descending wedge. The ticker has been consolidating within the wedge ever since.
Price finally broke out 2 days ago and we see a retest of the price at the top of the descending wedge.
9EMA and 21EMA are about to cross on the day charts, which is more bullish confirmation.
Looking to enter this...
