Following the collapse since Nov 2017 the share has bottom at Fibonacci level 1.618 and completed a saucer bottom pattern. The share has broken a significant resistance at 0.685 in Aug and opened a gap up today, broken a downtrend line, preceded by a formation of Golden cross in Oct. Our view is bullish, with a short term target price at 1.105 and 1.61 for long-term holding. Exit on daily close below 0.50
Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
トレード終了: 利益確定目標に到達:
Hit target 1 and retrace. We expect for more bullish movement