SHR - Buying at support - Possible breakout
Not a lot of data to go on so very short timescale used to kick start a discussion.
Price action in a noticeable fib channel but bouncing off a support level (of sorts).
Hidden bullish divergence on both RSI and MACD. Risk reward looks good for a long here. Target $0.05 short term. News is incoming so all bets could be off on the upside.
A break and retest of $0.027 would indicate a break out is happening.
Price action in a noticeable fib channel but bouncing off a support level (of sorts).
Hidden bullish divergence on both RSI and MACD. Risk reward looks good for a long here. Target $0.05 short term. News is incoming so all bets could be off on the upside.
A break and retest of $0.027 would indicate a break out is happening.
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