SUV chart

Thought I’d post a chart as looks like we have a possible break of down trend occurring.

Bit of a “double bottom” at 11.5c perhaps indicating the bottom is in, 20 day ema (blue) starting to point upwards for a pleasant change and hopefully will cross the 50 day (green) and start dragging it up to cross the 200 day ema (red).

MACD looks good, indicating momentum is building and also importantly has moved above zero.

Volume levels have tapered right off, so perhaps they are running out of supply at these levels.

My new uptrend line is dotted as not enough price point touches to confirm yet, but hopefully it continues to head in that direction, but may need to flatten it out a bit if continues to range trade for awhile.