W Formation has formed on Daily with a striking up candle breaking above the neckline. With MAs we have 7>21 - Bullish Price > 200MA Bullish RSI>50 >70- Bullish Target R4.29
Concerns: The 7>21 is still below the 200MA which signals the downtrend is still in place.
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Also on:
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.