After a bullish surge, the price made a smaller correction, and has formed a bullish pennant formation. The price is also too low according to both 9 and 14 period MA. Expecting a bullish breakout out of the pennant formation and a further bullish move. The price could make a retest of the upper resistance line at the breakout as it becomes support before going further up.
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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.