on this weekly view set on Heikin Ashi we have 4 green weekly bars following that green indecision bar 5 weeks ago so at this stage the move towards the upside/top of range is intact. these have wick on the top reasonably short which is also good.
would need to see 2 consecutive red weekly heikin ashi bars (with no wick) or wick at bottom before sign of momentum reversing.
bull scenario a solid bar breaking through that top blue line ideal rather than wick only potential breakout towards $30. volume is only average currently.
im no chartist or technical analyst ! this is all very basic , I am principally a fundamental and value investor but I do incorporate some basic TA.
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on this weekly view set on Heikin Ashi we have 4 green weekly...
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1 | 230 | 32.130 |
4 | 3854 | 32.020 |
1 | 530 | 32.000 |
1 | 477 | 31.980 |
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32.310 | 732 | 1 |
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