For some time now, people have been talking of the massive possible cup and handle formation that seems to be formed for SLR.
Now today, we see that:
- The CCI broke the -100 barrier on the daily.
- The MACD shows a golden cross on the daily.
- The cup seems to have reached his bottom.
What will happen next?
I would like to say that we will follow the cup and handle and SLR will moon.
Note that this is a fairly speculative and early conclusion and that no confirmation can be made for at least a couple of days.
Happy trading!
Now today, we see that:
- The CCI broke the -100 barrier on the daily.
- The MACD shows a golden cross on the daily.
- The cup seems to have reached his bottom.
What will happen next?
I would like to say that we will follow the cup and handle and SLR will moon.
Note that this is a fairly speculative and early conclusion and that no confirmation can be made for at least a couple of days.
Happy trading!