ODP had a volume surge on Friday with the last candle being a bullish kicker as well as MACD signal shown.
ADX being strong at over 40 with DMI+ over 24 and DMI- over 10 showing an uptrend. It did close over the 50 moving average of 2.23
Fibonacci points are currently
Entry/Support - 2.32/2.36/2.39
Pivot - 2.44
Resistance - 2.48/2.51/2.56/2.63
For entry I would try to bid closer to the support of 2.32 to 2.4.
ADX being strong at over 40 with DMI+ over 24 and DMI- over 10 showing an uptrend. It did close over the 50 moving average of 2.23
Fibonacci points are currently
Entry/Support - 2.32/2.36/2.39
Pivot - 2.44
Resistance - 2.48/2.51/2.56/2.63
For entry I would try to bid closer to the support of 2.32 to 2.4.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.