Latest from GoldInvest:
https://goldinvest.de/weitere-meldungen/experten/chartcheck-fyi-resources-entscheidende-tage-vorausFYI Resources' share price has gained almost 40% over the past few days (to AUD0.18 from AUD0.13 at the low) on rising volume. The opportunity announced in the last chart check ( https://goldinvest.de/weitere-melden/experten/chartcheck-fyi-resources-chance-auf-umkehr ) has thus been realized to some extent.
An important step towards a medium-term upward movement should be a breakout above the multi-month blue downward trend line, which is currently running exactly on the equally relevant round mark of AUD 0.20. Before that, the gray resistance line (derived from the low in May) should be overcome. The red 100 day line is also moving towards this area and would have to be crossed to set an exclamation mark.
For the indicators, MACD and Stochastic generated a technical buy signal by crossing the blue line upwards through the red line. This corresponds to the crossing of green over red in the DMI. The Chaikin Money Flow indicator continues to rise, but is still just negative (red area). The trend confirmation indicator has turned up, but is still some way from 100 (from then it would be an uptrend of this indicator)
