Looks to have broke a strong downtrend. Prob needs to break the 37 resistance to confirm a real strong upward move to 55, 72, and higher. Short term target of 24 should be hit soon.
I think the key will be breaking the 200ma, which, if this move continues, will probably be in the 33-37 area. Nice bullish movement w RSI relative to price action as well. Four strait Green Day’s, although not super significant, could indicate a general positive reaction to breaking the downtrend.
Not a pro. DYOR. Please leave comments/advice. Always learning…
I think the key will be breaking the 200ma, which, if this move continues, will probably be in the 33-37 area. Nice bullish movement w RSI relative to price action as well. Four strait Green Day’s, although not super significant, could indicate a general positive reaction to breaking the downtrend.
Not a pro. DYOR. Please leave comments/advice. Always learning…