[ATTACH] Certainly does look good. Daily momentum turned last...

Certainly does look good.
Daily momentum turned last couple days. A stochastic and RSI turn cross both in bullish area of the indicator. This correlated to it putting in a higher low.
MACD on daily remains bullish and is now above the midpoint. also positive.




I correlate this to the weekly to understand if it's more likely a short term move or in the cycle of something larger.

Weekly volume and candles look quite positive.
Looks firmly out the downwards channel now.

All indicators green.

Overhead targets of resistance to push through.
34c, then 41c, then 50c.

Coincidentally these all line up perfectly with the fibonacci retrace.



Image to support. This is what a bullish fibonacci might typically look like.
Also interesting is you can draw another fibonacci from the major high to the bottom and guess what it lines up with again. 34c and 41/42c.

These are likely the key point of resistance but also key breaks if it gets through.

Has the news flow to get it there and above.

SF2TH