Reason for long trade 1. Price all time low 2. Big volume came in 3. A strong weekly candle Happy trade
The chart seems to indicate a retracement, along with the RSI and MACD heading lower. But the MACD recenttly crossed above zero, and the longer moving averages are swinging up. I'll stay neutral, but watching for a change in direction, along with confirmation of a change. Nice to see price above the 200ma for a long
watching the breakout and subsequent uptrend.
PME has broken the previous downtrend with a huge increase in volume. Now it seems going for a correction. Look to the price action on a lower timeframe for a potential wave up.