Chart Scan – Jun 29, 2022

What caught my eye on this one is you have a combo of a bearish RSI and MACD while the Acc/Dist is curving up, which means chart traders are accumulating at these levels in hopes that it breakouts out past the 20MA (Green Dotted Line) and the 50MA (Blue Solid Line) resistance combo around 9.60.

Don’t get me wrong, the RSI and MACD are still on a bullish trajectory, but on the day to day, they are both curving down slightly. Something interesting with this chart, keep a close eye.

This one is very similar to the one above, but here the 20MA/50MA resistance points are being tested right now, and as soon as they are taken down, this chart could trend up to its top bollinger band over 10 bucks.

Watch close, this chart could also do a Golden Cross formation in the long term, which would put the price action about 20% above current levels. IMO

This is a pretty one.

MACD is in a nice and heavy curve up as it pushes up to the zero line.
RSI is trending up just got over its breakout line
Acc/Dist – Still very low levels.

I love seeing such formations. WIth the price being so close to the ONCE AGAIN dual resistance points of the 20MA and 50MA. But since the Acc/Dist is so low still, the influx of volume could cause the chart to do small gap hops to take down the resistance point.

If you see this chart gaping up and going over the two resistance points, IMO it could test the upper bollinger band around $14. IMO