The forecast for week 4 of May 2022 is a Bull
This assessment in no way considered financial advice.
Okay, so this chart has now demonstrated there is a trending support line. This week will now test closing above the 114 price. Looking at the buying volume you can see it is gradually increasing and the selling volume is gradually decreasing.
Taking a look at the daily chart we can see that this week's change commences. Early evidence suggests this is the bull continuation. The volume has more buying days than selling days and is a good indication of demand. The OBV is also trending upward.
This assessment in no way considered financial advice.
Okay, so this chart has now demonstrated there is a trending support line. This week will now test closing above the 114 price. Looking at the buying volume you can see it is gradually increasing and the selling volume is gradually decreasing.
Taking a look at the daily chart we can see that this week's change commences. Early evidence suggests this is the bull continuation. The volume has more buying days than selling days and is a good indication of demand. The OBV is also trending upward.