There's some basic indicator/technical analysis is used.
1) MACD
2) MA 200
3) trend pattern
4) fibo
a. MACD shows that the falling trend will be continued
b. MA 200 shows that the upward trend is abnormal, the trend will fall back to MA 200
c. The trend pattern, it is the triangle. With the aid of Fibonacci, we can draw as figure shown.
Fundamental...
Here's the only basic technical analysis used.
1) Fibo
2) SMA 200
3) Chart pattern
Ok we found a triangle and it is breakthrough the support + Fibonacci 50%
By theory, the breakthrough of the triangle will gain 1:1 .
That's all for me.
