MEM Discussion, page-240

  1. 1,873 Posts.
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    Now let's put the chart and these technical indicators together in one post.

    My take on the weekly chart as per below:

    - double bottom forming on price action.

    - increase in trading volume

    - bullish divergence on the RSI

    - RSI trending upwards, has crossed the zero line, is currently in a pull back and is likely to cross the zero line again.

    - MACD trending upwards, has crossed the zero line, is currently in a pull back, and is likely to cross the zero line again.

    IMO, the weekly chart is showing the beginning signs of bullish price action and could be in the beginning stages of forming a new sustained uptrend.


    https://hotcopper.com.au/data/attachments/6974/6974769-d5e0ab1cb9af8f5671c47520119ab7e6.jpg

    https://hotcopper.com.au/data/attachments/6974/6974772-ac065d5b951bc930dd6c6c3c40be8add.jpg

    https://hotcopper.com.au/data/attachments/6974/6974774-edca2bcb3bdbc663ac97939610fa3498.jpg



 
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21 9148745 0.4¢
 

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Price($) Vol. No.
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