Trade setup: Broke below 1.50 resistance and stabilizing around 1.25 support area (also 50-day MA). Need it to break back above 1.50 resistance. Forecast: 2.00. (set a price alert).
Trend: Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentum is Mixed as MACD Line is below MACD Signal Line ( Bearish ) but RSI ~ 50 (Neutral).
OBV ( On Balance Volume ): is declining, indicating that volume on Up days is lower than volume on Down days. Hence, demand (buyers) is below supply (sellers).
Support and Resistance: Nearest Support Zone is 1.25, then 1.00. The nearest Resistance Zone is 1.50, then 2.00 and 2.50.
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