The daily chart shows the room it has to bounce up. Also check out the 30/60 minute charts and take note of the PPO/ADX, the tightening bollies, and the MAs swooping in. Last week it seemed to find a solid base around .05 ~ .055, and today it did most of its trading around .06. If it can hold these levels or move up as the larger MAs swoop in, I think it can break out into a nice bounce up!
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.