Good point. Looking at the price chart alone it seems it must break that 15 for confirmation. The other way to confirmed it is by looking at the RSI pattern.
Analyzing it deeper. The MACD bullish divergence and the breaking of the descending triangle is a good bullish sign already for PX. Unless some other negative signs will show up for PX, then i will be more cautious.
not until it breaks 15, its still a 'possible' double bottom. but good hint with macd signal.
ReplyDeleteGood point. Looking at the price chart alone it seems it must break that 15 for confirmation. The other way to confirmed it is by looking at the RSI pattern.
ReplyDeleteAnalyzing it deeper. The MACD bullish divergence and the breaking of the descending triangle is a good bullish sign already for PX. Unless some other negative signs will show up for PX, then i will be more cautious.