POWR - Imminent reversal - Target 11500
Updated
RSI is reaching oversold. Support, resistance and my existing trend lines for this market are giving me the indication that the bear market is about to reverse and turn bullish. Previously POWR has been probing the 12000 level but failed to break out.
Trade active
EMA has now crossed the MA on the 5 minute chart. RSI is confirming a trend reversal to BULL market.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.