A few charts I'm looking at
1hr chart. It is stretching the upper edge of the BB, looks similar to just before the announcement of Vidalia a few days ago. Support has been good off the 20ema (dark grey), both 50s has crossed over the 200s. RSI getting up to the overbought line
1 day chart. Nice bounce off the 8sma today (dark blue) with a nice big green candle, again pushing out of the BB
1 week chart. It has touched the BB median (black line also 20sma) the 8s and 3s tucked up underneath. Maybe some resistance here...
Looking at FIB after the previous big downtrend the bounce met resistance at the first FIB line the resumed the downtrend which was also previously a price resistance zone
More recently the last candle moved almost perfectly between the first and second line, there was a shooting star candle a little bit back and if you follow the 0.382 line back even further I can see some more support and resistance candles. Maybe a good spot for a cool down and a retest of some MAs below. Then again maybe they'll spring another announcement on us...
Let's see what tomorrow holds
GLA
A few charts I'm looking at1hr chart. It is stretching the upper...
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