SRM just broke resistance and also formed a very nice inverted head and shoulders... we broke the neckline of this formation which means one thing - BULLISH!
MACD is bullish, RSI is climbing, looking good. :)
Volume also looking healthy on this breakout. I expect higher levels. First target at $6.42 then $8.15 which is also our ATH. These levels should provide some resistance so watch these before entering.
On daily the indicators look even more bullish, so long term I expect price to go beyond $8. Bias remains very bullish.
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