- Clear line of downward force in place for quite some time now. BUT! This is the first time in which the has been breached, stayed above, confirmed, has long-biased trades above and has confirming the move, all at once. Also, notice the as of lately for this security... Has been at or above avg. . Not to mention the MA200 just curled up (what?!) and it has just gotten above the MA50 with a crossover of the MA8 & MA50. AND! The Boll. Bands just curled open with the price trending towards the upper band (left BB's out so the chart wouldn't be a mess).
I'm feeling good about this one. Short-Medium term = 1.00 and Longer-term = 1.40. Significant reward/risk set up with tight money management stops. (Not an RIA. JMHO)
Make Your Own Luck - Happy Trading