stamoyo

stamoyo

The strong resistance was broken and the breakout was confirmed. The positive divergence between the price and RSI indicator is a common sign for an upcoming uptrend. The MA 100 and MA 21 are about to cross and the fast one is going up showing where the price had headed for. I believe that a bullish movement will be formed as shown. A few important levels are...

stamoyo

The price just bounces back from the resistance and is heading down. It will find support on the lower parallel line but our target will be the green dashed line. The price retraces from two supporting lines.

stamoyo

The black support line is new but I do not expect to see it live in near future. The black thin dashed line is often regarded as support and and divergence between the price and the RSI indicator are all subjected to take the price down. The expected scenario is a black-thin-dashed line touch and then a huge slump to the first support which is the other black,...

stamoyo

The green support lasts from months ago and not consolidates with the price to support it and make it explode. On the other hand, we have and a more recent ( black line ) support which pushes the price, too. In addition to the support lines, the RSI went oversold and should activate buyers to buy and sellers to tell. Last but not least, a thin black dashed line...

stamoyo

I made the blue parallel lines on Friday with clear vision of having a cup&handle pattern formation. Today, Monday 12th, an obvious triangle was formed and its breakout would mean a good up or down movement. The upside breakout confirmed bullish market. Previously, we have had a good resistance line ( the upper red one ) and I expect retrace on that level. A...