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Happy New Year to all. This is my very amateurish TA . From the...

  1. 521 Posts.
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    Happy New Year to all. This is my very amateurish TA . From the journey from .30 down to .17 the 20 EMA crossed the 40EMA . So it’s my belief the 40 will provide stronger resistance as it normally provides stronger support than the 20EMA as proven when we hit 27.5 from the high of 47.5.it then provided support right up when we broke through at .30 . IMHO we need to break above .25 and more importantly .27.5 . I think if we can do that next resistance is at .35 and maybe a little more at 37.5 and with expected news flow to come , current fundamentals and chuck in some FOMO I believe this will come sooner rather than later. The 20EMA is turning up which should now provide some support at .20 . AIMO DYOR CHEERS . Comments Welcome https://hotcopper.com.au/data/attachments/4954/4954612-e8f6c50a7a221bd009e0169770947c9c.jpg

 
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