SBOW daily - possible bullish trade SBOW daily - is in a falling wedge which could be a very bullish and powerful pattern.
Volume is weak as it is below 20 days average which is bearish.
SBOW is below all major MA which is also bearish.
RSI is neutral with a slight bullish divergence meaning the price is falling or at the same level while relative strength is not what is bullish.
MACD has also a positive/bullish divergence with a positive histogram tick that is bullish.
Overall: SBOW is in a falling wedge which is a bullish pattern. With daily close or stronger move with a volume above the blue upper dotted line would trigger a long position with a short below 10 and 11 Jan low. SBOW is at the moment bullish fundamental stock and therefore would be traded on long.
