Munch,
Just been reading this on ozestock......I do'n't understand charts, so what do u think of this post from sidioy.....
Anyway, I would appreciate some feedback as to whether I'm reading these correctly.
The MACD has crossed above the zero line for the first time in nearly 6 months but is a much stronger breakthrough than previously. This is bullish isn't it?
Secondly my charts and my interpretation says that we have resistance around the $2.20 mark.
Lastly the relative strength index: the last time it showed this high was when it was trading around the $3.00 mark.
In conclusion...if all these indicators maintained their stance we would not see the price much below $2.20 or above $3.00 in the short term.
Please don't ask me how I've come to these conclusions, It's just my interpretation
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