After a double bottom at $83, things are looking up in the ether.
Here are the factors pointing to $83 being our bottom:
1) Broke out of descending triangle/channel with descending volume (bullish turnaround) (red)
2) RSI & MACD crazy bullish divergence (green)
3) Volume breakout
It looks to be coming down right now - $98 looks like our next support area to hold this up.
Moving Forth.
Here are the factors pointing to $83 being our bottom:
1) Broke out of descending triangle/channel with descending volume (bullish turnaround) (red)
2) RSI & MACD crazy bullish divergence (green)
3) Volume breakout
It looks to be coming down right now - $98 looks like our next support area to hold this up.
Moving Forth.
Comment:
Buy in opportunity coming - potential inverse head and shoulders forming, if it breaks red line @ $120, its up to $180 and probably $200.
