REQ broke a key trend line today but still has one more to go before in full breakout mode. I do believe that we will have the breakout very soon. With very high volume the past 8 hours REQ should hold the .236 fib line and then start the big breakout. The price action looks good, this current candle looks like it is staying near its high rather than the lows and still has very high volume. The accumulation and distribution indicators look strong. The reason why it will go down a bit is because it broke a key trend line so it needs to retest that to ensure the breakout and the rsi is oversold.
Kommentera:
REQ is going down. Not enough volume to support the big green trend bar. SHould find support at the fib and 50 ema.
