the weekly looks a bit toppier to me. the indicators look kinda toppy and there's some distance between the pps and its ma's.
after two more weeks, as mentioned in the daily post, it could be cleared up.
as long as the fundamentals stay intact, i don't see a reason for the trend to end. and it sure looks like we have a buyer at $2, who may or may not be Perlus, so who knows how that plays in?
The tape looks better than my TA prognosticated. Either way, I'm optimistic. If we have a couple more weeks of consolidation or not, doesn't matter to me. The 5, 10, & 20 are bunched now around $2. The closer the 50 gets, the better off we'll be.
We might have a bullish harami on the daily. It's not super tight so in theory it's kinda weak.
Notice how the 50 was holding but we fell through it and the 100 caught us. I'd love to see us back over the 50 asap. I'm putting in a buy order for tmrw. Maybe I'm wrong but I'm betting the longer term uptrend continues, which means a buy under the 50 should be good. If the 100 genuinely doesn't hold, then I'd have to re-evaluate. Gl everyone
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