This is a curious chart. I guess what strikes me is the shares performance over the MRQ.
All signs currently point toward a recovery to the Volume Weighted Average Price (since making it's previous highs).
The Ichimoku Cloud is the only clue as to whether or not prices may find resistance, however I feel there may just be one last push toward the Fib 0.618 or VWAP.
Whichever comes first I suppose.
This seems like quite an aggressive trade, so keep an eye on that Resistance it's just broken. That's where I would look to Exit the trade if I was holding. (Disclaimer, I am holding).
Lastly the MACD is showing no signs of Divergence or Bearishness, so I'm happy to hold for a move toward R43.00
Fingers Crossed!!!
All signs currently point toward a recovery to the Volume Weighted Average Price (since making it's previous highs).
The Ichimoku Cloud is the only clue as to whether or not prices may find resistance, however I feel there may just be one last push toward the Fib 0.618 or VWAP.
Whichever comes first I suppose.
This seems like quite an aggressive trade, so keep an eye on that Resistance it's just broken. That's where I would look to Exit the trade if I was holding. (Disclaimer, I am holding).
Lastly the MACD is showing no signs of Divergence or Bearishness, so I'm happy to hold for a move toward R43.00
Fingers Crossed!!!