we could possibly have an 'inside day' technically where the range of the high-low is inside that of yesterdays with an uptrending triangle formation PLUS all indicators shaping up nicely, but not 100% confirmation....
MACD has crossed but still negative tho and a break of the zero line will mean much further upside and the upside to prevail
RSI is still low , so thats GOOD bcoz it means theres much further upside if an uptrend confirms
STOCHastics - my stocks settings have edged up in line with the triangle formation somewhat, but theyre no where near overbought; The stochastics can stay up in overbought territory once they get there for a while as you know ....they can stay up there if some lasting uptrend ia in place
So MACD and RSI have much further to go which is a good thing for us once the triangle breaks up; Stochs are in the middle top and can get to overbought once 8bucks is broken and stay there till it gets to its target blowout, then reset in the new ATR.
The key is the 8buck breakout....once thats done...theres much further to go
***** Im no expert in charting tho.....you may want to look at FIB levels too to confirm targets to the upside
There no concrete confirmation, but it seems a triangle is formed and hopefully today will be an 'inside day' and yet another 'higher low' at 7.80-81 oin place
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