The downward momentum that caused steep price falls from April to August could be coming to an end. Quarterly momentum has stopped falling, despite its trend remaining downwards. Twenty-one-day RSI is attempting to turn up.
In the short term, the chart pattern indicates volatility, as the daily range is relatively high. However, even this is beginning to fade. Once the daily range is narrow, volume is low and indicators start drifting sideways, prices could start to build a base. For the next few weeks, prices could stay rangebound. Support is near current levels, at 24 to 25 cents, and resistance is at 29 cents.
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