DAILY:
-MACD had a bearish cross
-we saw a bearish divergence RSI/PRICE
-looking to buy the area between 0.38 and 0.5 fibs wich also converges with DMA200
-needs to be checked that the 200DMA turned to strong support (check reaction around that level)
-we have 100DMA crossing 200DMA up which is a golden cross and a bullish signal (retest of that area confirms the bullish setup)
-VOLUME is very low which is bearish
There is no upcoming event to support a run up.
Tools
MA's 10/20/50/100/200 (swing trade)
RSI , MACD , VOLUME , FIBONACCI,DIVERGENCE
STANDARD PIVOTS , CANDLES, TRENDLINES
-MACD had a bearish cross
-we saw a bearish divergence RSI/PRICE
-looking to buy the area between 0.38 and 0.5 fibs wich also converges with DMA200
-needs to be checked that the 200DMA turned to strong support (check reaction around that level)
-we have 100DMA crossing 200DMA up which is a golden cross and a bullish signal (retest of that area confirms the bullish setup)
-VOLUME is very low which is bearish
There is no upcoming event to support a run up.
Tools
MA's 10/20/50/100/200 (swing trade)
RSI , MACD , VOLUME , FIBONACCI,DIVERGENCE
STANDARD PIVOTS , CANDLES, TRENDLINES