Prices are hovering around a three-times-tested support at $1.68. Quarterly momentum has been stuck beneath its equilibrium line for the better part of this year, and prices are entrenched beneath their moving averages. On the other hand, 21-day RSI has started to display a positive divergence with price.
This may trigger a rebound, which would meet with resistance at $1.78. If prices can hold above $1.65 for the next few weeks, the counter could start to build a base.
No comments:
Post a Comment