A Breakout Signal!
With significant price movement from the previous trade, the candlestick indicates a breakout signal where the price closed above the MA200 line backed by high volume due to buying interest.
MACD and OBV indicate a divergence signal and confirm the price uptrend towards the next price resistance.
Precaution since RSI is at indexer 70; becoming overbought or overvalued. It may be primed for a trend reversal or corrective price pullback.
Let's save EG in WL and watch out price uptrend towards the next price resistance.
R 0.570
S 0.515
MACD and OBV indicate a divergence signal and confirm the price uptrend towards the next price resistance.
Precaution since RSI is at indexer 70; becoming overbought or overvalued. It may be primed for a trend reversal or corrective price pullback.
Let's save EG in WL and watch out price uptrend towards the next price resistance.
R 0.570
S 0.515
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