A New All-time High Next To Come In MOG Price?
Is A New All-time High Next To Come In MOG Price?
The daily chart of MOG shows that the price recently fell into a wedge pattern but has now broken out of it. Despite this breakout, the price is currently facing resistance at the 20-day, 50-day, and 200-day EMA bands.
A strong push from the bulls could overcome these dynamic hurdles, and maintaining levels above these EMAs could indicate a change of character (ChoCh) on the daily chart.
Similarly, if the breakout continues, a new all-time high could be targeted after overcoming the obstacles along the way.
The MACD histogram is trending bullish, and the RSI is finding support on the 14-SMA smoothened line. Overall, the combination of these indicators with the price action suggests a bullish outlook ahead.
The daily chart of MOG shows that the price recently fell into a wedge pattern but has now broken out of it. Despite this breakout, the price is currently facing resistance at the 20-day, 50-day, and 200-day EMA bands.
A strong push from the bulls could overcome these dynamic hurdles, and maintaining levels above these EMAs could indicate a change of character (ChoCh) on the daily chart.
Similarly, if the breakout continues, a new all-time high could be targeted after overcoming the obstacles along the way.
The MACD histogram is trending bullish, and the RSI is finding support on the 14-SMA smoothened line. Overall, the combination of these indicators with the price action suggests a bullish outlook ahead.
Penafian
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