BE has been in a frustrating slow grind generally downwards for the past 6 weeks while a Bullish Divergence between Price and RSI has been slowly building.
It tested a possible strong support at 21.90 yesterday and quickly rebounded to close a rather strong candle.
The odds are getting better that the worst could be over. However we might not see real momentum yet until the RSI rises above 50.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
It tested a possible strong support at 21.90 yesterday and quickly rebounded to close a rather strong candle.
The odds are getting better that the worst could be over. However we might not see real momentum yet until the RSI rises above 50.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)