Recent price rebound from S-Trader Trend Tracker support level associated with relatively low volume and further upward movement capped by resistance zone and 50-period SMA, as shown above in the chart.
For upward trend continuation, it needs relatively above average or higher volume to breakthrough the resistance zone. However, overall price action is still weak - death cross situation.
Note : S-Trader indicators/tools are not part of Metastock software package. It is our proprietary system/tools. If you have any further inquiries, please feel free to Contact Us.
Source :
1) Metastock
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