In the short term, the price burst of the past two sessions could meet with resistance as quarterly momentum challenges its own resistance at its equilibrium line. In addition, five-day stochastics is at the top end of its range.
Any retreat meets with support at $1.90. The retreat should be temporary. The chart structure remains positive, as prices moved out of their tight consolidation range on a surge in volume. The breakout level was at $1.85, and the break indicates a measuring objective of $2.05.
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