Continuing from my previous chart, we look set to tackle the daily 200EMA which has been a clear resistance level during the bear trend. We clearly rose above the 3d50MA which was the 3 day resistance line for the last 10 months. If we break the daily 200EMA it will be a very powerful bullish signal. The next historical resistance would be the monthly R2, a selloff there is quite probably, before resuming more up. Might also bounce a bit off the 200EMA.
