RMS has broken through a longer term trendline with some bullish implications.
The price control line for the bars shown is at 1.715 and there has been significant trading here and through to 1.80 (seen by volume histogram on the right)
Buying volume has stepped in this week and Twiggs Money Flow looks set top pop above zero.
As well the Stochastics are showing a very bullish posture with both the short and long term indicators showing a clear bullish bias to the upside. In contrast, you can see at Point A, only the short term Stochastic (in grey) carried the momentum up.
A bullish weekly close above 1.85 would see the bulls in control.
The price control line for the bars shown is at 1.715 and there has been significant trading here and through to 1.80 (seen by volume histogram on the right)
Buying volume has stepped in this week and Twiggs Money Flow looks set top pop above zero.
As well the Stochastics are showing a very bullish posture with both the short and long term indicators showing a clear bullish bias to the upside. In contrast, you can see at Point A, only the short term Stochastic (in grey) carried the momentum up.
A bullish weekly close above 1.85 would see the bulls in control.