SPMD should rebound and target 0.655 after beating resistance

12 Jan

1-hour chart, the stock (Speed Medical, Egypt) is trading in a falling expanding wedge pattern, and is getting into technical indicator RSI buy area.

The Ichimoku chart signals a change to up-movement.

So, the higher probability is a rebound to the resistance line. After crossing up, the target will be 0.655

15 Jan

Trade aktif

Exactly.. tested the resistance line. We need some more power to cross up.

16 Jan

Trade aktif

The stock crossed the resistance line, then a re-test back should happen before going upwards to the target