Trade setup: Price broke above $8.00 resistance but failed to hold above it. However, it is still in an Uptrend. Now we wait for price to either 1) break back above $8.00 to signal continuation of uptrend, with upside potential to $10.00, or 2) pull back near $6.60 minor support (200-day MA) for a swing entry in Uptrend with upside potential back to $8.00.
Trend: Uptrend on Short- and Medium-Term basis and Neutral on Long-Term basis.
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral).
Support and Resistance: Nearest Support Zone is $5.40 (previous resistance), then $4.70. The nearest Resistance Zone is $8.00, then $10.00.
Trend: Uptrend on Short- and Medium-Term basis and Neutral on Long-Term basis.
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral).
Support and Resistance: Nearest Support Zone is $5.40 (previous resistance), then $4.70. The nearest Resistance Zone is $8.00, then $10.00.