Greenyb daily chart-Overview of the Greenyb daily chart is bullish given that the stock has been travelling in an uptrend channel making a higher low structure since April 2020.
-Chikou line is well above the other lines and as well as above the Kumo clouds suggesting there is no overhead resistance ahead.
-Current traded price is well above the Kumo cloud which marks a bullish trend. This is validated and backed by the overlapping Tenkan-sen and Kijun-sen lines which marks a buy signal. Overlapping of both lines shows a strong momentum is underway. Also note the angle of the Tenkan-sen and Kijun-sen lines are more than 45 degree supporting the strong momentum that is underway.
-The Senkou spans ahead are converging into one line when the current strong bullish candle appeared on the last trading day.The converging of Senkou lines also suggested of the current strong momentum.
-All in all, the spike of volume that follows the trend shows this could be a genuine move.
-Breaking above the current channel line, will forecast the stock to travel in the next higher channel lines targeting the aloft channel line at 0.35 equivalent to fibo extension 1.618 golden ratio.
