Modum on the move
Modum had a huge move last week, trading volume was even higher than on Dec/Jan what makes me think that good news are behind. I don´t think it was a pnd scheme at all.
I see a few bullish signs.
1. MACD bull cross incoming on the 4h chart.
2. Price bounced around its golden pocket, between 0.786 and 0.618 fib levels.
3. Strong support at 50 MA.
4. Volume is increasing.
5. Cup formation carrying out.
6. RSI above 40 points and gaining momentum again.
I see a few bullish signs.
1. MACD bull cross incoming on the 4h chart.
2. Price bounced around its golden pocket, between 0.786 and 0.618 fib levels.
3. Strong support at 50 MA.
4. Volume is increasing.
5. Cup formation carrying out.
6. RSI above 40 points and gaining momentum again.
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