Whilst I don't won't to sound like a broken record....
The trading of CXOs BBs are getting tighter and tighter. 9weeks now, she has to break soon, IMO and I've been buying more as I feel it will be to the upside.
RSI has been is a looong slow grind upwards, SP is still trading above the 20sma and 8ema is still above the 20, both good indicators.
Only concern is volume, dropped off in the last month.
Also look at the weekly chart below, that too is right at a crucial point of the SP crossing the 8, but we need the 8 crossing the 20, few weeks away. The BB are starting to roll inwards, meaning the trend has finished on the weekly. Again all good.
We just need a close a pip above the BB, and that would really signal a turn around.
Targets, first 40, then 45 top of the BB, then into the 50's (maybe 57).
Just one good PS Ann and we'd be away!
AIMO, GLTAH. Have a great weekend.
