This chart is very difficult to analyze as there are a lot of conflicting indicators popping out.
Lets take a look at them one by one.
RSI: RSI shows a bullish divergence. Higher Highs lower Lows.
MA is showing holding @ the 20 but if you switched to EMA it already broke the resistance of 20.
FIB shows that current price is on the red zone which tells us to stay away from this stock.
MACD has not crossed yet so there's a possibility it would try to hold the MA 20 support line.
In this case, i'm lost. I don't know if we have to follow EMA or MA.
If we will enter the trade, its best to enter near the support line of our darvas box, target price of the midline which will give us a 6.80% profit with 2.33 ratio risk.
At this point, its my best interest to stay away from this stock :)
We will check this stock in the couple of days to see where its heading.
Notes: Check if MA or EMA has more weighs in the next couple of days.
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