BULLISH ON POE - SYMMETRIC TRIANGLE
Updated
Okay so we're all ready for POE to take off but let's look at what's happening. We saw some consolidation after the announcement of Poet's new CEO, and I think we're moving towards another bull run which should put us in the 12,000 - 14,000 range. If you weren't following POE before, look at the history of the MACD. I think we're going to see another bounce.
A bullish divergence in the OBV confirms this as a solid probability. You could also look for a breakout from symmetric triangle to take a more conservative long position. I prefer the agressive position however given POE's history and recent news. What do you think?
A bullish divergence in the OBV confirms this as a solid probability. You could also look for a breakout from symmetric triangle to take a more conservative long position. I prefer the agressive position however given POE's history and recent news. What do you think?
Note
POE is making a strong move down to test the support trend line right now. Watch closely.
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