Koovs - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...J+jr8fuJyjDjXv3kH9w=
Interesting chart here. It's a stock i have been long on for some time, and it's not for everyone, as it can move quickly, as with all AIM stocks tbh....
This is essentially in a triangle atm, with the 200 day ema line providing support..after a rally to the 90's in July, the price has been in a consolidation and basing around 60p, usaully the longer the basing period, the higher any rally subsequent rally should be.
A break out above the 20 and 50 day ema lines, and the overhead treanline around 67/68p, would be a pretty decent and robust buy signal, especially if it combined with a rsi breakout....
speaking of the rsi, its fairly rare to have the rsi trending down, in a period where the share price has trended up.....i see this as a bullish positive rsi divergence as such....and adds to the bullish argument here....if it does eventually breakout....
imvho, wdik, dyor.
trendfriend