Hi Guys! Welcome to this update analysis on Civic. As you can see civic broke a few resistance lines which is a good indicator that there is something boiling. The yellow supportline has held the longer term uptrend.
The red trendline to the downside has been broken quite easy. Even the 100 MA was no problem at all for the bulls. Also momentum and the MACD are showing bullish action!
I think this is evidence of a sustained reversal.
Thank you for reading this post!
The red trendline to the downside has been broken quite easy. Even the 100 MA was no problem at all for the bulls. Also momentum and the MACD are showing bullish action!
I think this is evidence of a sustained reversal.
Thank you for reading this post!