A simple analysis of the RSI shows that when the downwards pressure from the RSI is broken and support is built upon it, we are in a bull market. It appears this was supposed to happen earlier but COVID sent all markets down the drain. Now we see the downwards pressure being broken followed by some consolidation on the line. We are now breaking this line and on the way up. Expect some time consolidating sideways between $300 and $350 before the big rally begins.
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