AdEx is (just as BAT, see my other post) targeting the advertisement market, which is a major market. It has been in a slow decline over the last months, but has seem to found a bottomat the around the 0.887 fibonacci level. I have been buying small parts each time it hit the green box and are now waiting for it to breakout. Based on the pattern (falling wedge=reversal) and the indicators a breakout can be expected one of these days. The (Stoch) RSI and MACD show bullish divergence and there is room enough for buyers to jump in. Looking at the RSI, breaking one of the upper trendlines will indicate a breakout upwards, if the RSI crosses the lower trendline, this could mean that this setup failed and we will have to reanalyze. The first target would be around 0.00021.
Trade chiuso: obiettivo raggiunto:
Target reached :)
