The chart speaks for itself. Strong increasing channel trend with lows falling directly on the trendline support which has been tested 3 times. Good risk/reward. Stop loss of 8.90 should be sufficient to indicate a break of the channel trend but a potential target sell of 11.80 makes this a very safe buy.
Also note the orange vertical lines where the MACD (a common indicator for momentum) change from negative to positive momentum. These MACD reversals from negative to positive have consistently signaled large bullish moves.
All the indicators are saying this is a really good buy. What do you think?
Also note the orange vertical lines where the MACD (a common indicator for momentum) change from negative to positive momentum. These MACD reversals from negative to positive have consistently signaled large bullish moves.
All the indicators are saying this is a really good buy. What do you think?