TA perspective 17 August 2021; all IMO & DYOR; also please share...

TA perspective 17 August 2021; all IMO & DYOR; also please share additional views.

Weekly View;

• MACD jaws are closing yet to cross
• SP still sitting in the Ichimoku cloud
• 50 weekly EMA current support (bounced off in March 2021 also)

Daily View;

• Top of the pennant still holding SP down; keen to see a break of $1.5+ (this would also be bullish for Ichimoku)
• MACD trending upwards
• RSI trending upwards
• Volume increasing
• SP still sitting in Ichimoku cloud
• 200 daily EMA current support (bounced off in March 2021 also)

4 Hourly View;

• Potential gap yet to be filled down to $1.34
• 4hr sitting just above cloud (early bullish signs)
• would need a break above pennant trend line and $1.5+

Targets (if we can break $1.5);

• ~$1.76
• ~$2.76
• ~$3.20

Weekly Chart


Daily Chart