I'm not sure how to update my previous analysis but I just want to point out this falling wedge that is now so clear to see. I was expecting a triple bottom but each reaction low is slightly lower to the previous low. Also picture perfect Reaction highs to form the upper resistance level.. A falling wedge should be a least 3 months long. Once again this is spot on. Volume is slightly creeping up as you can see from the most recent spikes in the falling wedge.
Bullish confirmation will not come until the resistance has been broken.
. RSI - Oversold for months
. MACD - Looks beautiful
. PP0 - Looking like it wants to break.
After a 6 month downtrend in my opinion this can only go one way. Smallest Cap on Polo + Low supply = ££$£$£$£$££
Time will tell but it looks like the wedge will fail or break between the 4th December - 20 December.
Good Luck.
Bullish confirmation will not come until the resistance has been broken.
. RSI - Oversold for months
. MACD - Looks beautiful
. PP0 - Looking like it wants to break.
After a 6 month downtrend in my opinion this can only go one way. Smallest Cap on Polo + Low supply = ££$£$£$£$££
Time will tell but it looks like the wedge will fail or break between the 4th December - 20 December.
Good Luck.