While the daily shows a spike in momentum coming up tomorrow on the PPM1 with a corresponding spike in the 10 SMA, the weekly chart still looks bearish with momentum not yet in downtrend but all underwater.
PPM1 on the weekly looks to head further south and the 10 SMA with it. The direction of the longer period SMAs are also looking to only stabilise after possibly April.
While this counter is not that prone to "extreme mood swings", do just keep in mind the past 2 week's trading range when deciding to long or short.
PPM1 on the weekly looks to head further south and the 10 SMA with it. The direction of the longer period SMAs are also looking to only stabilise after possibly April.
While this counter is not that prone to "extreme mood swings", do just keep in mind the past 2 week's trading range when deciding to long or short.