tradingzebras

Consolidating just below resistance lines, waiting for signal.

TSXV:XLY   None
After getting spanked all 2018, this stock might be ready for its time in the sun. I am cautious, however, since this stock has performed so poorly in the past. Trying to break a strong resistance at $1. The 12 and 26 EMAs have been acting as support all January as people buy the dip and this nice bull flag has formed. I'll be waiting for a break in both the price and RSI resistance lines to indicate breakout, as well as volume spike. Subtle bullish RSI divergence since last summer in promising. If the EMAs do not hold as support, more consolidation is still needed.
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