BAX is ready to make new peak. Not Investing Advice!
1) In Technical Analysis Divergence(Negative = Sell, Positive = Buy) is very important and i found Positive Divergence on indicators such as CCI, RSI, Momentum. Price bottoms are decreasing but indicator bottoms are increasing it is description of Positive Divergence.
2) On RSI indicator, it is oversold area and i found important support horizontal lines on RSI indicator and they are shown on chart which are blue.
Important Horizontal Support Lines: 30.69 / 29.15 / 26.09 / 23.64
3) I drew support and resistance lines on Momentum indicator i mean it is channel. It is broken resistance line but we have to wait at the end of this month's closing line of Momentum. I applied SMA(8 period) on Momentum and it has already been cut above by Momentum.
4) CCI has not cut above its moving average so it is not buy sign. Also i applied WMA(14 period) on CCI indicator.
5) On DMI ADX(Red one) cut above -DI(Orange one) in March. It was buy sign and it is still valid for now.
2) On RSI indicator, it is oversold area and i found important support horizontal lines on RSI indicator and they are shown on chart which are blue.
Important Horizontal Support Lines: 30.69 / 29.15 / 26.09 / 23.64
3) I drew support and resistance lines on Momentum indicator i mean it is channel. It is broken resistance line but we have to wait at the end of this month's closing line of Momentum. I applied SMA(8 period) on Momentum and it has already been cut above by Momentum.
4) CCI has not cut above its moving average so it is not buy sign. Also i applied WMA(14 period) on CCI indicator.
5) On DMI ADX(Red one) cut above -DI(Orange one) in March. It was buy sign and it is still valid for now.