Analysis: π Tomcl forms a bullish flag pattern, indicating potential upward movement. However, recent RSI divergence caused a temporary fall to form a higher low (HL), aligning RSI with the price action. The price is currently at the channel top, encountering resistance. Crossing this level with substantial volumes could trigger a bullish momentum.
Strategy: π― Consider buying Tomcl above 34.50 or ideally above 38.50, targeting initial gains at 40.60 and then aiming for 45.00. Ensure volume confirmation for sustained bullishness. Keep an eye on price action near the channel top for breakout signals. Happy trading! π
Strategy: π― Consider buying Tomcl above 34.50 or ideally above 38.50, targeting initial gains at 40.60 and then aiming for 45.00. Ensure volume confirmation for sustained bullishness. Keep an eye on price action near the channel top for breakout signals. Happy trading! π