COMPUSD Huge bullish divergence can take it to 130.
COMPUSD is consolidating under the MA50 (1w) since mid August with the RSI neutral/ borderline bearish.
There is a Rising Support on the RSI (1w), which is filled before every rally.
The Support Zone has priced all 3 of those RSI bottoms.
Trading Plan:
1. Buy the next pull back on the Support Zone.
Targets:
1. 130.000 (Rising Resistance as well as slightly under Fibonacci 0.5).
Tips:
1. The RSI's (1w) Rising Support is a huge Bullish Divergence. Those are typically formed during long term market bottoms and usually an aggressive break out follows. The next rally can be even stronger than we expect.
2. The MA100 (1w) is the last Resistance standing and its crossing can potentially accelerate the rally we just talked about.
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There is a Rising Support on the RSI (1w), which is filled before every rally.
The Support Zone has priced all 3 of those RSI bottoms.
Trading Plan:
1. Buy the next pull back on the Support Zone.
Targets:
1. 130.000 (Rising Resistance as well as slightly under Fibonacci 0.5).
Tips:
1. The RSI's (1w) Rising Support is a huge Bullish Divergence. Those are typically formed during long term market bottoms and usually an aggressive break out follows. The next rally can be even stronger than we expect.
2. The MA100 (1w) is the last Resistance standing and its crossing can potentially accelerate the rally we just talked about.
Please like, follow and comment!!
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