Significant price movement together with high volume indicates the candlestick pattern in a breakout phase.
The RSI indicator confirmed the price breakout due to gains is greater than the losses where the momentum indexes >70.
MACD and OBV indicators also confirmed the price trend; a strong uptrend.
Precaution for a price correction between 10% - 20% due to traders taking a short position before continuing the uptrend towards the next price resistance.
Let's save LBALUM in WL and watch out for significant price movement with volume towards the next price resistance.
R 0.650
S 0.560
The RSI indicator confirmed the price breakout due to gains is greater than the losses where the momentum indexes >70.
MACD and OBV indicators also confirmed the price trend; a strong uptrend.
Precaution for a price correction between 10% - 20% due to traders taking a short position before continuing the uptrend towards the next price resistance.
Let's save LBALUM in WL and watch out for significant price movement with volume towards the next price resistance.
R 0.650
S 0.560