Hi
I just did a monthly, weekly and daily of ROC.
I do not hold this stock.
Looks like a potential trade but would like to see some
strength next week.
Good luck with it.
ROC
It's at the 50% of the rally.
A quick look at the monthly and it's on the red line.
High + Low/2 for nine candles.
The weekly shows the high in may hit the cloud(light blue -
green dynamic band) and used blue as support (50% of rally)
Now price is in the cloud ( an area of R & S )
any rising above the red line would target blue (.74).
Need red to cross above blue, could be tested as support,
and the target the top of the cloud (1.03 approx)
Current support around .52
Dropping below .50 is dangerous
Good signal is green above light blue at the right edge.
It means that the last 26/9 weeks have been more bullish
than the last 52 weeks.
Lagged (brown) is above red and blue using
the old candles as support. But below the cloud.
The daily has the breakout and drop to support.
The pitch fork draws the high hitting the weekly cloud
and the low of hitting the daily cloud. Accidental.
I would target a new rally to .68
then testing support around .66
then target.71 and .78 ( the weekly .74)
Good support at .63 and .62.
Ideal entry but any drops below could be danger.
