Following a break of the medium term downtrend (from recent peak), last week saw the break of the 50 and 200EMA, then 2 days ago a small sell off and retouch of both, followed by a reversal suggesting a continuation of the recent new uptrend.
MACD still positive and RSI still rising on the daily chart.
Position ahead of trading statement on 7 Sept, which follows other's in the sector which have posted signs of positive post covid turnarounds.
MACD still positive and RSI still rising on the daily chart.
Position ahead of trading statement on 7 Sept, which follows other's in the sector which have posted signs of positive post covid turnarounds.