AI
Wednesday, November 03, 2021 5:38:21 PM
WARNING: Charts below, skip 'em if you don't believe in charting. ;)
I think TA is an important part of staying informed, investing on emotions alone is gambling.
Dashed lines are bollinger bands. Daily candle crossed over the midline and survived bears trying to pull it back under. It's also trading above the 200 day moving average (dark blue line) which is bullish. MACD (12,26) crossed already and is showing green ticks. The real fun will start if MACD (24,52) crosses in the next week or so.
https://www.investopedia.com/terms/m/macd.asp
https://www.investopedia.com/terms/b/bollingerbands.asp
Second chart is Fibonacci retracements on the 30 min. From the point of breakout, price found support around 61.8% which is the perfect place to finish consolidating for another run. Tomorrow has a lot of potential to be a green day. But without a news catalyst this is all still potentially a dead cat bounce, so be careful taking higher entries to avoid being a bagholder.
https://www.investopedia.com/terms/f/fibonacciretracement.asp
https://www.investopedia.com/articles/00/101700.asp
GLTA
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