IMAGINEAR INC.Long
ImagineAR - chart analysis - upward channel
Updated
There are a lot of different methods and philosophies which indicators to use and how to interpret patterns. In my personal experience MACD (green circle = crossing lines) is often reliable. Technically it indicates that the current buying trend with increasing prices will be followed. The rebound seems to be successful sind several days since the weekly downward trend since September (red line above the candles) was broken and from that point a turnaround tendency was visible. The possible upward channel (blue) is just a best guess based on the candle pattern showing north of the last days (period Nov 12 to now). Each trading day another candle will be within the channel the more stable and underpinning it will be. Confirmation again last week. With my short-term view to End of Jan the range within the channel would be between ca. 0.30-0.40 CAD
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