XAIR has formed a giant bullish pennant with the price closing just under the. 38 Fibonacci level . Bullish divergence can also be seen as the OBV remained flat (slightly positive) while the price declined during the same period. This could signal accumulation. The 50MA is rising rapidly and cold make a "golden cross" in the short term when it crosses over the 200MA.
The ADX is at 23 suggesting a moderately strong trend with D+ also rising and well above D-.
Price is still well below the POC (12months) suggesting there is demand for shares at higher prices.
targeting: $11.01, $12.55
The ADX is at 23 suggesting a moderately strong trend with D+ also rising and well above D-.
Price is still well below the POC (12months) suggesting there is demand for shares at higher prices.
targeting: $11.01, $12.55