Seeing very prominent bullish
momentum divergence coming on a double bottom
. All systems are go on the Mac-d signal lines, histogram, and RSI
to try for a long position to retest the $3 mark which is at the nearest level of resistance. We saw above average volume
each of the last three days which included a small pin bar
followed by a price confirmation close, and bulls then breaking highs from Jan 20 creating a suitable swing point to trade on. It gives a healthy 1:2.44 risk/reward ratio.