#NTOG #NostraTerra - Bullish on the weekly, Wave 5 ahoy

This came in as a special request (I'm not a holder - yet anyway). And after a big move last week, I agree this is worth a look.

The weekly chart has lots of bullish clues in it:

• Could be entering a 5th Elliott Wave
  
• 200 week moving average halted the move of W3 - this is a key line to break, but possibly strong resistance too
  
• Indicators looking positive. In particular note that the RSI has stayed above 50 during W4.
  

Potentially a good one to hold for some time longer if you already do.

ความคิดเห็น:

Just to add a note - yes wave 4 and 1 overlap; however on AIM this is sometimes ok if you're only shaving off part of W1's spike.