Plastiblends
Forming a nice pattern yet again for a bullish rally.
Last time around, The crossing of the 5-day Simple Moving Average (SMA) over the 20-day SMA resulted in a significant rally.
Now, it appears that a similar setup is about to repeat again. The previous rally lasted for 18 months, followed by 18 months of a downward trend. However, the market is now showing signs of reversing once more, and it seems that another 18-month reversal might be on the horizon.
Forming a nice pattern yet again for a bullish rally.
Last time around, The crossing of the 5-day Simple Moving Average (SMA) over the 20-day SMA resulted in a significant rally.
Now, it appears that a similar setup is about to repeat again. The previous rally lasted for 18 months, followed by 18 months of a downward trend. However, the market is now showing signs of reversing once more, and it seems that another 18-month reversal might be on the horizon.