PAG.UK: 10.03.2017
Timeframe: D1
Long-term uptrend and correction to the uptrend's lower diagonal.
Price Action: Forming a morning star, also the price has opened with lower gap and it is up filled, which is a positive signal.
Technical indicators:
SMA50 / 200 - indicate positive sentiment (50 above 200). The current price is slightly below SMA50, while break and close above it will have confirm the upward movement.
CCI50 - passed slightly below 0 and rotated up with a tendency to return into a positive zone - a signal for probable rise.
RSI14 - about to cross 50 upwards - a positive signal.
SL: 3.952
Alternative scenario: breakthrough the diagonal and retention can lead to a continuation of the downward correction.
Fundament: company has annual growth in gross profit and net revenues over the last four years.
Jr_Trader_Ivan_Ivanov
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