Similar setup to ENVB without the recent buying volume. Recent volume is declining and most recent low had the second lowest volume in 15 months. Monthly candle didn’t make a new high so perfect opportunity to retrace to the previous candle before pumping when it finds buyers.
ABOVE THE WHITE ZONE (Above 30 SMA):
- Trust 5/7EMA buy signals
- Ignore sell signals above 20 SMA
- Watch closely if 20 SMA crossed (yellow warning zone line)
- Get halfway out if breaks below 30 SMA
- Get fully out if breaks below 35 SMA
IN THE WHITE ZONE (Below 30 SMA)
- Trust 5/7EMA sell signals
- Ignore buy signal below 20 SMA
- Watch closely when 20 SMA...
Repeatedly bouncing off of support, 50-Day EMA acting as a nice boost, steadily increasing volume since start of year, MACD swinging up from bottom, Stoch RSI bottoming out...really strong fundamentals...
Get in while you can! ...Or wait for the next identical bounce.
