We found good support around 1.32 and it set up for what looks like a double bottom.
The value grew up to 1.60, which was tested twice on March 14th and then March 15th. After the break-out failed, the value dipped around 1.41 where it found a strong support that held a number of attempts to break down even more.
The chart looks somehow to be behaving as before, which could mean that OCEAN may be set for more upside over the next few days.
The main obstacle is to manage to break past 1.60 and 1.67, which offered strong resistance over the previous attempts. If it manages to do it and close above the latter value, we could see an upward momentum aimed at the 2-ish zone.
What do you think?
The value grew up to 1.60, which was tested twice on March 14th and then March 15th. After the break-out failed, the value dipped around 1.41 where it found a strong support that held a number of attempts to break down even more.
The chart looks somehow to be behaving as before, which could mean that OCEAN may be set for more upside over the next few days.
The main obstacle is to manage to break past 1.60 and 1.67, which offered strong resistance over the previous attempts. If it manages to do it and close above the latter value, we could see an upward momentum aimed at the 2-ish zone.
What do you think?
