this looks to be breaking out of the .004-.008 channel. the candle has pierced the bollies, and there is no real resistance once past .011. the next moving average that stands as resistance is the 200ma and that's at .046. with the right volume and momentum this could easily go to .02 (and higher.) i'm looking at you there mr .0225!
the recent uptrend is still in place. it bounced off both the 10ma, a technical test of the upline, and the 200ma, which had been the resistance, and closed just above the 5ma. this implies the possibility of a strong base with solid support on the slow line.
seen through the chiosc and a/d, there appears to be some accumulating going on. the cmf shows good pressure on the ask, and the momentum indicators -- ppo and macd -- are both showing continued strength. this could be getting ready for a bust out. definitely one to watch.
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