Cloud resistance is at $17.60
The activity today is reminiscent of some of the stop hunting you see in crypto markets.
It looks like this could be the bottom of the ABC correction wave which started at $23.40. The Tenkan and Kijun cross, the could flip as well as the demonstrated cloud support are all bullish indications. A close below $16.70 could spell trouble for the uptrend, however.
It is interesting to me that the price dipped at all. It looks like many traders are confused about the meaning of what an MOU is. Donald Trump recently was confused about it when the term was being used for the document spelling out the trade agreement with China. www.stockme.info Regardless of that, it looks like the wider ABC corrective wave is now complete...