Bullish momentum divergence present on all three Mac-D signal lines, histogram, and RSI . We saw low volume after the initial spike on the 17th, but now volume has come back in a big way. At $3 I'm expecting a rally back to 14s in the coming months. Nice play with it so cheap to just throw some cash on it and forget about it until you have 3.6x's risk in your account for a rainy day. As always, who knows though, right?
awesome sense of direction. clear analysis. i like that.
JoeHayes UPPgrayyed
Thanks UPPgrayyed - I appreciate the comment. I always try to keep it simple and consistent with momentum divergence setups.
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