Outlook Price broke above the cloud on the 19 October and has stayed above the cloud since that breakout. This could be the start of a new trend that could bring price to test the previous high of $1.39. Conversion and Base lines had a bullish crossover earlier, hinting of the bullish trend. Lagging Span is above price of 26 days ago but is at the upper edge of the cloud with a movement above highly possible. MACD has a bullish crossover and is moving up. MACD is hinting of a bullish price trend ahead. Ichimoku has a V-shaped price breakout as well, giving a price target of $1.43.
Outlook Price broke above the cloud on the 11 May and has stayed above the cloud. After reaching a high of $1.32, price has been declining but had stayed above the cloud. A price correction has managed to stay above the cloud on 2 occasions, maintaining the bullish trend. Yesterday, price had managed to move above its recent range high and could be moving higher to $1.48 in the next couple of weeks. Conversion line and Base had a bullish crossover, hinting of the bullish trend. MACD has a bullish crossover just below the zero line and is hinting of a price rally ahead.
Outlook Price broke above the cloud on the 11 May and has stayed above the cloud. A price correction has managed to stay above the cloud, maintaining the bullish trend. On 6 July, at the upper edge of the cloud, price saw a large candlestick movement higher, hinting of a bullish trend. Conversion line and Base had a bullish crossover a day before that large candlestick. After reaching a high of $1.32, price has been declining but we think the Base line at $1.18 should be able to support a price decline. Lagging Span is above price of 26 periods ago and also above the cloud, hinting of a bullish trend. MACD is bullish and hinting of a price rally ahead.
The uptrend since the turn of the year brought price up to $1.81 from a low of $0.83 at the beginning of the year. The decline from the high of $1.81 may have ended at $1.40. Price was supported by the edge of the cloud as well as the Fibonacci 50% point of the rally from the beginning of the year to the high at $1.81. Yesterday, there was a bullish Engulfing candlestick pattern. This is a reversal candlestick pattern. This is a signal that the decline could be over and price could be about to start a rally that could bring it back up to the high of $1.81 again. MACD is bullish and the faster MACD line could be about to turn up again.
Price started a rally on 26th Dec 2018 from $0.79 to a high of $1.29. Since the high, price has gone through a correction and that correction may have ended at the Fibonacci 50% correction point of the previous rally at $1.04. The low of $1.04 was also at the edge of the cloud, so price did not see a change in its bullish trend since late Dec 2018. Yesterday, we saw a price move that went below $1.04 but closed near the high at $1.10. This could be another sign of a reversal. Volume yesterday was also stronger than the previous 4 days of declining price. MACD is at the edge of the zero line and a turnaround would add further confirmation to the reversal. We think price could be heading for the high of $1.29 again.
