MACD showing signs of waning negative momentum on a lower low - BULLISH
RSI showing divergence, higher levels of buying pressure on lower lows - BULLISH
Uptrend - follow the trend.
3 BULLISH indicators now...
Conservative estimate of 0.5 fib, out at 0.786 fib.
RSI showing divergence, higher levels of buying pressure on lower lows - BULLISH
Uptrend - follow the trend.
3 BULLISH indicators now...
Conservative estimate of 0.5 fib, out at 0.786 fib.
Comment:
The overall trend for the prior year is an uptrend.
Comment:
Would have got stopped out but playing with high risk, SL at $0.95 now. At the time of update, the price action fell below the descending support line and looks to be retesting the bottom. I bet we soon break through that support and continue up.