What would you go for ?
Bullish signals :
- Upward breaking triangle, with associated low volume and low price variation as expected for the triangle (see flat MACD). (intermediate objective 3.79, second objective in the 4.45 range, to be more precisely defined once break out occurs)
- Momentum just crossed 0. Since May, it happened 4 times of which three rebounded and generated upward trends.
- RSI is at 45, leaving some room for increase.
- Prices above the supertrend, which is strong support at 2.81
- Lower oblique support seems harder to break than the upper oblique resistance, as repetitive attempts have failed.
Bearish signals :
- Downward breaking head and shoulders figure
- Ichimoku shows price below Tenkan and Kijun. The lagging span is still under the price. Prices are in the cloud, itself closing and reversing.
- SMA 50 and 20 have just crossed.
- RSI is below 50, indicates a slight selling trend.
- lower Bollinger is close and easy to reach.
- Andrew's for gives 2.8 and 2.4 as objectives.
Not much explicit info from Fibonnaci or from regular channels IMO.
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What would you go for ?Bullish signals :Upward breaking...
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