Long term: The cup with handle pattern with the break up out of the handle is vey encouraging. If we later we get a weekly clear break up above the 41.5 level I think it would be very bullish.
Short term: we have a positive reversal in the daily RSI followed by a bullish divergence which supports higher near term peak ahead. The daily RSI target is labeled. IFFF this target is hit and IFF my count is correct I would then expect some pullback before a strong tend up to much higher levels.
As always: process your way before investing.
If you are not familiar with RIS reversals see: school.stockcharts.com/doku.php?id=technical_indicators:relative_strength_index_rsi
Best to ya. Have a good week ahead.
Short term: we have a positive reversal in the daily RSI followed by a bullish divergence which supports higher near term peak ahead. The daily RSI target is labeled. IFFF this target is hit and IFF my count is correct I would then expect some pullback before a strong tend up to much higher levels.
As always: process your way before investing.
If you are not familiar with RIS reversals see: school.stockcharts.com/doku.php?id=technical_indicators:relative_strength_index_rsi
Best to ya. Have a good week ahead.
Nota
Monday should be very interesting zerohedge.com/markets/reddit-preparing-unleash-worlds-biggest-short-squeeze-silver
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.