Nano continues to hold the .786- Is this a double bottom?
-Bullish divergence since November
-Recent attempt at rallying above 100d MA
-Second test of the .786 support, for a possible double bottom (Arguably the last line of defense for the bulls, if not the 0.886)
-Now RE-TESTING the 50d MA for resistance
The best trading setup here would be to wait for a daily close above the 50 MA, then a subsequent re-test of it for support.
OR, you could also set a buy order for the .786. If it re-tests again it would be a triple bottom with higher RSI.
GL!
-Recent attempt at rallying above 100d MA
-Second test of the .786 support, for a possible double bottom (Arguably the last line of defense for the bulls, if not the 0.886)
-Now RE-TESTING the 50d MA for resistance
The best trading setup here would be to wait for a daily close above the 50 MA, then a subsequent re-test of it for support.
OR, you could also set a buy order for the .786. If it re-tests again it would be a triple bottom with higher RSI.
GL!
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