ZRL 0.00% 3.7¢ zambezi resources limited

bullish day, page-19

  1. 6,900 Posts.
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    I think that shortly we could see some movement.

    Technically, ducks are lining up.

    MACD has crossed but is still trading just under the positive line.
    Moving averages are very close to crossing but havent quite done so yet.
    Momentum has moved in positive territory, volume down a little but that could change quite quickly.

    The downward trendline has been broken on the 9th june, which could signal the start of upward movement.

    Break of 30 day exp MA is a good sign, but due to the break expecting a pullback to that point. If this acts as a support line it could bounce from here pretty soon.

    Interesting to see if it continues forward from here....

    Cheers
 
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