MMJ made-60% within 5 weeks. We are trading the second day below the EMA 200 - thats not really good!
At present the RSI could soon generate a buying Signal - he is still oversold.
But don`t Forget: We are in a classical falling-knife situation - there is still no bottom ahead...now it is important to recapture the EMA 200...above that Level we perhaps will see a countermove up to the 38,2 @ 0,49-0,52
At present the RSI could soon generate a buying Signal - he is still oversold.
But don`t Forget: We are in a classical falling-knife situation - there is still no bottom ahead...now it is important to recapture the EMA 200...above that Level we perhaps will see a countermove up to the 38,2 @ 0,49-0,52
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again testing the EMA 200
- this is the pivot decision point
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ist getting more and more dangerous, we should not trade below 0,32- here i exspect a tiny selloff
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still in the abyss