Whilst the EMA is flattening and perhaps edging up, prices don't usually travel in one wave. I feel there is another move down on the way. If I were more convinced of the longer term upward move it would be around time to buy - as the price is back in the middle of the channel. However, I'm not convinced and everything else is dropping! MACD histogram is also trending down and the RSI is in no man's land.
Stand aside for the coming weeks. |