Plenty more experienced charters who I would love to get some thoughts from here, but a quick look and some comments from me and I see a short term continuation of the current rise, maybe with some consolidation throw in somewhere as it might need a breather at some point.
Daily chart
The last time the MACD was in a similar position to where it is now, we went from 90 cents to $1.60 in about a month.
Weekly chart
As above, but the MACD is just crossing over having stayed above 0. Slow Stochs heading back up as well. RSI is strong.
Monthly chart
Looking good, as it has throw the recent pull backs. Slow Stochs heading back up, which is a positive.
Barcharts still very positive on the chart as well:
- a Strongest short term outlook on maintaining the current direction.
- Longer term, the trend strength is Maximum.
- Long term indicators mostly agree with the trend.
Buyers outweighing sellers 2:1 on market depth as well.
Breakout imminent, page-7
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