This mining stock has the potential to have double bottom. After breaking the long term resistance line, the price was bound by a new mid term downtrend resistance line.
Yesterday it closed as a doji at this support level. One tick above the high of the Doji would trigger my long position.
My two favorite lagging indicators RSI & MACD are showing bullish divergence.
First profit target at 7.3 which is the support turn resistance level.
If MACD can pierce through 0 while RSI move above 50, high chance this will kick start the long term uptrend in this mining stock
Yesterday it closed as a doji at this support level. One tick above the high of the Doji would trigger my long position.
My two favorite lagging indicators RSI & MACD are showing bullish divergence.
First profit target at 7.3 which is the support turn resistance level.
If MACD can pierce through 0 while RSI move above 50, high chance this will kick start the long term uptrend in this mining stock
