Very clean breakout yesterday and we added just as the 200 Day MA was crossed because I could see the bullish momentum, price was up +8% during the day too.
So two things I am watching for next:
1. A break above the previous high at $18.88, or/and
2. A retest of the 200 Day MA at $17.50 and holding
1 can happen and then retest the 200 Day MA too, which is no issue.
All we need to see is a hold above the 200 Day MA and I believe this moves higher to the blue line next at $23.55
A retest of the 200 Day MA breakout level and holding is a Buy signal and I will add certainly at this point.
Vojtěch Pavel
2024-12-03 13:54:04 +0000 UTC