OTHERS 200MA – Next Attempt: If and When?

21 May

On the Others daily chart, there’s a formed inverse head and shoulders. The base of the formation acted as support during the last drop after rejection from the 200MA.

Now, price is attempting to push through the BB center, with SMA and MLR helping from underneath. Additionally, there’s a clear ascending trendline that continues to act as dynamic support.

Only price action will confirm the next move toward the 200MA.

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25 May

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Price was rejected once again at the 200MA and is now attempting to find support at the ascending trendline of higher highs.