Please refer to chart. Will be updating idea regularly.
Comment:
Updated EWA. This appears more likely scenario since we are so close to the buy/support line and forming a long term triangle.
Updated EWA. This appears more likely scenario since we are so close to the buy/support line and forming a long term triangle.
Comment:
Here is the daily.
Here is the daily.
Comment:
Also take a look at the 9 day EMA in hot teal, and the 200 EMA in black. Recently, the 9 day doesn't stay too long underneath the 200 day. As it starts to curve back toward the 200 day EMA the price pattern tends to move back to an upward trend.
I would personally think its another good indicator to buy in long when the 9 day reaches bottom and starts to curve back towards the 200 day.