It will take some guts to trade as its been in a steady downtrend. Maybe a break above the 50sma?
Mickette1
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@bhowe, Hi bhowe. A close above the EMA9 on the weekly basis. It´s a good indicator. A tight stop under it for more security by jumping on the long trade.
bhowe
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@Mickette1, thanks for the insight. I don't use weekly much, do you prefer it over daily? Slower?
Mickette1
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@bhowe, yes because the volatility on the daily makes you blind for the long outlook. At this level better to watch the weekly. I see a potential long trip. No reason to hurry for the moment but being prepared.