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The bounce on this one has started, but the true power of this chart lies in the potential Golden Cross that could occur in the coming weeks.
For now, RSI is right under the breakout line, MACD is in a perfect bullish uptrend from its signal line but STILL FAR UNDER the zero line, and Acc/Dist is still low, all signaling that this chart has room to continue its uptrend.
That pesky 20MA will be the first level of resistance, but even at that, there is small gains to be made in that process. After that, the 50MA at 8.90 will determine the future of this chart.
Watch close.