This is where the action was really interesting today. WAVES climbed above gap 50-Day EMA
resistance while the MACD
turning up to support price with divergences forming on the MACD
. When the WAVES rises through the 100-Day and 50-Day EMA
, we will have a buy sign. Long term the trend is still down, but we are likely to see consolidation at this level and possibly a rally up to resistance at the 0.001 area.