You have a "trading shell" which is formed by the 5 MA which is your current resistance (trending down) and the 50 MA which is your current support (trending up).
As these moving averages converge one can expect the "shell" to tighten up more and more.
Breakout or pullback?
Keep an eye on your MACD and the DI+ and DI- to gauge whether a breakout or pullback will occur.
MACD needs to stabilize and head higher for a bullish cross, gauging the buying pressure the DI+ will need to separate from its DI- : at this point you will have a move higher. Opposite and a move lower.
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