Some may remember 2 weeks ago that I said that the SP needs a pause and reset back to the 8ema and or 20sma (median).
That has been completed the last 3 days, with doji's. BB's are resetting too.
Doji still mean that the SP can go either way, but given that the POS has also reset/consolidated and the RSI on that chart has dropped back below the 70, then in my view the next trend for the SVL SP should be up, so long as there is no curve ball event (bad Ann or something).
So it is looking good for the next run to 30c, and POS next run to $36. Maybe a pause at $30 resistance level?
AIMO, All the best, have a great weekend.
SVL chart, page-3010
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