Nosana - it is about to move up.
Nosana has been struggling to go above $4.45 area since Oct 2024. There is a large sell block sitting above it. However. MACD and RSI in the daily chart are entering the bull zone and the weekly stochastic has crossed and is rolling back up entering the bull zone. The price still needs to go above the previous week high and the previous month high, but I think the price will soon break to the upside if weekly stochastic remains to move upwards.
One note: Stochastic in the daily chart is in the overbought territory, so the price is likely to get pushed down once more when it reaches where the sell block is sitting above.
One note: Stochastic in the daily chart is in the overbought territory, so the price is likely to get pushed down once more when it reaches where the sell block is sitting above.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.