Closer look at the anatomy of that recent mark-up.
Confluence of factors:
Uptrend
strength in the background/evidence of accumulation
RSI oversold
RSI positive Divergence on volume into a key supporrt
You can see the demand to the left. SM stopped buying, allowing price to drift/shaking out remaining weak hands.
Spring below support on slight iincrease in volume
"no-supply" signal near spring
"push-through" entry seen at resistance .
PM with questions.
Confluence of factors:
Uptrend
strength in the background/evidence of accumulation
RSI oversold
RSI positive Divergence on volume into a key supporrt
You can see the demand to the left. SM stopped buying, allowing price to drift/shaking out remaining weak hands.
Spring below support on slight iincrease in volume
"no-supply" signal near spring
"push-through" entry seen at resistance .
PM with questions.
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