Ramunia opened @ 0.405, H - 0.415, L - 0.405 and closed @ 0.41.
It closed @ yesterday's high today. So far so good, it has broken out from the top Bollinger Band & is currently above it already. Probably it might need to get back into its band within, before further resuming its upward movement.
Level to look @ 0.42 resistance level.
Support @ 0.41 - 0.40.
It's great to see the golden cross where 50MA crossed above 100 MA @ 0.36 level. This indicates that Ramunia is in its bullish strength.
Good to see you re using the BB and MAs for this chart instead of trendline.
ReplyDeleteJust noted you re using SMA. Have you tried the EMA and compare the difference between the two?
I do understand that EMA is smoother, but somehow i never really did a comparison yet.
ReplyDeleteWell, thanks. A homework for me to do from now onwards. :)
Nah its not smoother.. In fact, in charts with no gaps, I think the SMA is smoother.
ReplyDeleteYeap, go check. It ll be something interesting ;)