Nice to see the 50% holding. It was breached but not broken & we got the sideways movement. Some buying at the end of the day to give it a nice close. Enough to break the recent highs, that remains to be seen. Nice action today and it's heading in the right direction.
This analysis is based on short term, I realize today offered a day trade. I'm only giving an analysis on a possible short term position as day trades are covered during the day in that thread. The magic with short term trades is they can turn into lengthy momentum trades as well.
I'd still like to see the indicators firm and I'll take a position on the resistance breaking (recent highs).
All my opinion, always DYOR as I'm not a LA.
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