POWR - Time to Reload? This is not financial advice, and so forth. Given my position and situation, I'm considering re-entering POWR .
We finally look like we're approaching a bullish MACD cross on the 4 Hour, which is when we saw our last major upswing occurred, however given POWR 's newness in the market, I'm hesitant to call new all-time-highs just yet.
We're bouncing off of a key Fib level, the 0.382 (0.00006315) with the 20 MA approaching. We also just touched an oversold RSI on the 4 Hour.
I'm looking for a confluence of these two things:
1) Price action meeting/rising above the 20 moving average
2) Solid bullish MACD cross on the 4 Hour
If we can see volume and bullish follow-through, combined with a little visit from the luck fairy on the FA side of things, I could see a POWRful movement.
*slaps knee*
Again, I'm very heartened by the fact that there's been no enormous, all-at-once-dump; it makes for a much more convincing case that we're on the second part of a wave.
