Not to come across like the harbinger... err again. For the...

Not to come across like the harbinger... err again.

For the newbies, Macro environments need to be taken into consideration here. Later today is a potential interest rate cut. Hence renewed interest in market movement and certain stock spikes.

So whilst the set up looks positive, and i hope it is, it also looks like a giant head and shoulders forming. (divergence of the head to the RSI)

Tip: Dont forget your stop losses.

Could also be an ascending triangle forming at 0.70... Just something else to consider. If TA is your thing.