Chart Scan – Jun 16, 2022

Another chart that is showing solid potential. Accumulation/distribution is at rock bottom levels, MACD is far under the zero line and RSI is coming up from the OVERSOLD range.

Price has to test the 20MA (Green dotted line) around 2.36, after that next stop is the top bollinger band along with the 50MA (Blue Solid Line) jsut undre 3 bucks.

Then the next stop is around the $4 range. IMO

Another chart that lost its spport and now glowing with Bottom Bounce indication.

RSI still in the OVERSOLD range, MACD is also far under the zero line and Acc/Dist is at rock bottom about to cross its signal line. A very pre bullish indication.

Price has been in a down trend for almost 4 months and could be positioned to reverse.

Dollar range is the first take off level to watch, and resistance at the 20MA (Green Dotted Line) of 1.68.

This chart is showing a Golden Cross formation, when the 50MA (Blue Line) is crossign up and OVER the 200MA (Red Line) signaling that the short term price action is rising higher then the long term price average.

This signal a lone is huge and is very well known for producing some of the biggest runners.

MACD is under the zero line, RSI is just now about to cross over the middle range line to its breakout range and Acc/Dist has been rock bottom for almost two months.

This chart is poised for a breakout, with first level of resistance around 2.20, a solid 30 to 40% chart play IMO.