Let's take a look at the weekly and daily charts in MTL.
Weekly: + Both possible long-term downtrends have been broken in recent weeks. + The price has already exceeded 20MA and is currently serving as support. + The volume has been the bigger since 2017.
Daily: + Large bullish divergence already confirmed at the MACD between June and December, the MACD is in a strong uptrend even with the price walking sideways and has already surpassed the 0 line continuing to point upwards. + RSI is in a strong uptrend as well as MACD. + Large volume accumulation pointing out that some great upward movement is about to happen in the coming weeks. + 20MA has already crossed over to the 50MA and both are about to touch and cross to 200MA. + The price is above 200MA and should break in the next few days.
Need I say more? This is one of the clearest reversals I've seen in the last few weeks, I expect big profits on this call, lets ride it?
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