Bull flag formaion on NEWSLVSilver price could continue to rise if we can have a bullish close above the bull flag. I have marked my potential tp1 and tp2 by using fibonacci
NEWWAVESLV Inv H and S showing strong upside to R5.54Inv H and S has formed on the NEWWAVESLV. And the price has recently broken above the neckline.
We can expect a retest to the support (which was resistance) before the next move up.
Other indicators show upside to come including:
7>21>200
RSI>50
My first target is to R5.54 - Bullish Biased
ABOU
NEWSLV: bullish flag pattern?A bullish trend is applicable and the ideal long entry is around 385.
Increase exposure for a break above 401.
The profit target is set at 414.
Stop-loss is set at 377.
Remains above its 200-day simple moving average - supporting a bullish trend direction.
Fading downside price momentum also support
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.