It's been awhile since someone posted XRG chart. My Bullish...

It's been awhile since someone posted XRG chart.

My Bullish view:
1. Clearly the share price had a recent break from the Downtrend line.
2. Recent Uptrend is a bounce from the $0.040 - $0.042 area of support.
3. Current price also just recently crossed the 200EMA.
4. MACD indicating bullish recent crossed the Signal line Upward.
5. Director still buying, imo still the buyer @ $0.052
6. The whole world markets looking about to wake up starting tomorrow.

Bearish view:
1. RSI is 68.5 nearing/almost Over bought.
2. Not much volumes.
3. The current register Buyers vs Sellers does not look like that there are many Buyers willing to take a chance.  


Goodluck to All,
And enjoy the weekend while we can, tomorrow (Monday) will be interesting to say the least.