Okay so we're all ready for POE to take off but let's look at what's happening. We saw some consolidation after the announcement of Poet's new CEO, and I think we're moving towards another bull run which should put us in the 12,000 - 14,000 range. If you weren't following POE before, look at the history of the MACD. I think we're going to see another bounce.
A bullish divergence in the OBV confirms this as a solid probability. You could also look for a breakout from symmetric triangle to take a more conservative long position. I prefer the agressive position however given POE's history and recent news. What do you think?
A bullish divergence in the OBV confirms this as a solid probability. You could also look for a breakout from symmetric triangle to take a more conservative long position. I prefer the agressive position however given POE's history and recent news. What do you think?
Comment:
POE is making a strong move down to test the support trend line right now. Watch closely.