Dear traders,
TMV looks like in accumulation phase with slightly descending wedge Vs bullish RSI Divergence + Bullish MACD Divergence + raising volume in the falling wedge.
The chart is more clear with 4H, but the bullish divergence is also present in daily.
Conclusion: TMV may keep going in this trend for couple weeks before taking off to around €26.
Alarm set @€13 (breakout)
Good trades for all.
Sam.
TMV looks like in accumulation phase with slightly descending wedge Vs bullish RSI Divergence + Bullish MACD Divergence + raising volume in the falling wedge.
The chart is more clear with 4H, but the bullish divergence is also present in daily.
Conclusion: TMV may keep going in this trend for couple weeks before taking off to around €26.
Alarm set @€13 (breakout)
Good trades for all.
Sam.