Raven is in a nice uptrend and daily is curving upwards on RSI and MACD, this indicates we can expect further up-trend.
The first major resistance is at the Fib 38% level and $1.8 cents. If we pass those levels further uptrend is due as indicated on the chart.
Raven has lagged in its recovery so far and has been a bit timid about going up, therefore it may pump in the future to catch-up with the rest of the market. A good long is at around Fib 23% level, try to buy a retest and use a Stop Loss just under it.
Should the support line in blue fall, then we will correct further down.
The first major resistance is at the Fib 38% level and $1.8 cents. If we pass those levels further uptrend is due as indicated on the chart.
Raven has lagged in its recovery so far and has been a bit timid about going up, therefore it may pump in the future to catch-up with the rest of the market. A good long is at around Fib 23% level, try to buy a retest and use a Stop Loss just under it.
Should the support line in blue fall, then we will correct further down.
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