Interesting setup, have been oscillating from peaks to the EMA 40 and 50over the past 2 years or so, if this is a turning point, it makes for an interesting one. As it is on a weekly close/ open, if we turn now, we do so on a higher low than the previous cycles high. The last time that happened, the stock ran from the 30's to 70c.
Just purely opinion at present, but looking to hold a close of 62.5c this week, with a higher low next week, as well as looking for that MACD to cross into positives and the momentum to swing to buy.
Interesting setup, have been oscillating from peaks to the EMA...
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