Originally Posted by
Baa_Baa
....
The chart price action did a thing today which isn't very common, where it's been trading perfectly in-between the 100 and 50MA, testing both on the upside and down side and then closing in between.
I'd call this as a price pivot, kind of like the point of inflection for the fundamentals folks. On a chart, sometimes prices which reflect sentiment have a sort of mid point, the pivot point, where they've been before a few times and they're usually good action when it pushes up through it, and not so good the other way....
....but still, plenty of upside, IF the 100MA breaks Upwards, on volume(!) is a good conservative TA entry or top up, however you feel inclined.
Not advice, too biased for that! :)