Weekly prices has consolidated in 3 stages triangular consolidation. Offering various supports and resistance. Major support for the trend to good is $0.80. Currently, Prices seems to have consolidated further or squeezed into a narrowing scalene or isosceles triangle. Trading support is at $0.85, Hopefully pending an increase in volume to take the prices further to the upside which is loosely defined at the moment by the upward sloping trend lines.
No comments:
Post a Comment