Weekly:
Well the weekly chart is showing a nice recovery. I see the ema’s are about to cross from bear to bull. RSI >50 and STO’s turning up. ASI is also confirming a price breakout So weekly chart is looking bullish.
Daily:
Two levels of resistance were taken out with pure bull action. The possible triple bottom I mentioned in the Cowabunga thread has triggered. I have a pattern price target around 2.0480. Now having said that notice price did come off its highs. I personally would like to see a pullback before moving higher. So daily chart is bullish. STO indicates overbot conditions..
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