This counter has been creeping up slowly in the past few trading sessions. Quarterly momentum broke above its equilibrium line earlier and has been able to hold on to the break. The moving averages are flat and volume is relatively low.
During the past two white-candle days, volume did not expand, suggesting that buying pressure has not built up. This will need to increase for prices to break out of the four-month narrow sideways range. A successful break above $1.25 indicates a measuring objective of $1.40.
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