If you appreciate please do me a favor and let me know what you think in the comments.
Technical analysis on the 4 hour timeframe.
50sma/200sma set up. 50 crossing 200 is a bullish indicator. As you can see we are bouncing off of the 50sma. This is bullish in nature.
Next key: we must break 20950 to break further up. A lot of resistance here.
To conclude,...
If we break resistance at ~20950, we could see a move up as large as 10% up to resistance levels indicated at ~22300.
Breaking lower than ~20300 would indicate a further move to the downside.
50sma crossing 200sma can indicate opportunity to swing up 5-10%, even in a relatively flat market.
