SP consolidation week! Which is a very good popsitive. The 8ema has climbed to almost the current SP. ema being weighted, makes sense as it uses more data from the last 5 trading days out of the 8. The SP may touch 14.15 (ema) on monday?, but overall it all looks good and bodes well. Of note, I do not usually use diagonal lines or signals. However what is very apparent is the bull flag that has formed this week. Flag pole followed by a tight trading range creating a flag. A bull flag will typically break to the upside, no guarantee obviously. Pattern recognition, but pls DYOR. RSI now has even more head room and MACD .....rolling over, but could have another kick up? Low volume too. All the best.
NEU Price at posting:
$14.49 Sentiment: Buy Disclosure: Held
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