Idea: The price has broken through the daily 200 EMA and is trying to hold on to the weekly 50 SMA. A lot of bullish divergences have been formed - a price rebound to the daily 200 EMA is possible. The price will fall to the daily 200 and 300 MAs if it breaks the weekly 50 SMA
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.