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20sma has been supportive since mid-april, today is a great opportunity for an entry at the current level.
Risk-Reward-Ratio is fantastic if you place a stop-loss-limit below the 20sma.
We are also seeing past resistance from early August, which is now coinciding with current support level .
RSI has not broken 50 since then.
OBV has been up-trending since.
Good luck!
Risk-Reward-Ratio is fantastic if you place a stop-loss-limit below the 20sma.
We are also seeing past resistance from early August, which is now coinciding with current support level .
RSI has not broken 50 since then.
OBV has been up-trending since.
Good luck!
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