Greetings!
The breakout was successful topside but on low volume. If 3700 support can hold up and volume kicks in we can move higher to maybe test the 3900 handle. That is if they manage to cross the 200EMA.
If low volume persists it could move down to 3600 again. It looks like there is 2 possible channels that could form (Blue dotted line) and (Red dotted line) with an extended triangle in view. (Being very skeptical about that).
Macd isn't showing signs of a strong move, but keeping it's consistently above the line.
Not financial advice. Just my idea on things.
Leave a like and I'll return the favor. Got get that rep up :)
Thanks for reading, have a great weekend!
The breakout was successful topside but on low volume. If 3700 support can hold up and volume kicks in we can move higher to maybe test the 3900 handle. That is if they manage to cross the 200EMA.
If low volume persists it could move down to 3600 again. It looks like there is 2 possible channels that could form (Blue dotted line) and (Red dotted line) with an extended triangle in view. (Being very skeptical about that).
Macd isn't showing signs of a strong move, but keeping it's consistently above the line.
Not financial advice. Just my idea on things.
Leave a like and I'll return the favor. Got get that rep up :)
Thanks for reading, have a great weekend!
Possible cup&handle forming