Bravada International Ltd (BRAV)

[dmlabuda]

Daily Chart Analysis - The Daily chart is showing signs of becoming Oversold as the Price again approaches the 200-day SMA. There is Bullish Tension (a divergence) now within the MACD and the RSI is moving closet to becoming Oversold as well. Therefore, I now believe there is a very good chance that the price will support there for a second time. That would be an indication of higher prices at least for awhile. Some things to look for will be higher volume during the days where the Price penetrates the 200-day SMA and a closes above that MA. That would reflect buying support at those prices.

BRAV - Daily Candlesticks