Alternative scenario: the upside breakout of 0.459 would call for 0.509 and 0.539.
My pivot point is at 0.459.
My preference: the downside prevails as long as 0.459 is resistance.
The RSI is below its neutrality area at 50.
The MACD is negative and below its signal line.
The configuration is negative.
Moreover, the share stands below its 20 and...
Alternative scenario: the downside breakout of 18.17 would call for 17.2 and 16.29.
My pivot point stands at 18.17.
My preference: as long as 18.17 is support look for 21.54.
The RSI is above its neutrality area at 50.
The MACD is positive and below its signal line.
The stock could retrace in the short term.
Moreover, the stock is trading above...
Alternative scenario: the downside breakout of 9.20 would call for 7.10.
My pivot point stands at 8.20.
My preference: the upside prevails as long as 0.20 is support.
the RSI is above its neutrality area at 50.
The MACD is positive and above its signal line.
The configuration is positive.
Moreover, the stock is trading above both its 20 and 50 day...
Wait until the price moves above 21 ema and ema curls up.
Wait for the stochastic to cross back up.
wait for MACD to cross positive.
Next Resistance = $336
Nearest Support = $230
Fair ROI about 8-10% nearest resistance.
We can predict the direction of the breakout with a cumulative indicator such as the OBV.
Here you see the OBV increase from the first high to the breakout candle, this proves significantly accurate.
so OBV rising can be used as another step for verifying the congruency of your prediction.