UTK is up 16.2% today, trading at $0.00795 on $10M volume. This moves it from the low end of its 7-day range of $0.00638–$0.0244.
The rally pushed price above the 24h low of $0.00677 but it sits below both the EMA20 ($0.00919) and EMA50 ($0.00835). The RSI(14) is 46, indicating a neutral momentum. The desk's read is that this is a bounce within a downtrend, not a reversal.
A confirmed break above the EMA50 would be the first sign of a shift in trend. What would you watch to confirm a move higher?
$UTK
The rally pushed price above the 24h low of $0.00677 but it sits below both the EMA20 ($0.00919) and EMA50 ($0.00835). The RSI(14) is 46, indicating a neutral momentum. The desk's read is that this is a bounce within a downtrend, not a reversal.
A confirmed break above the EMA50 would be the first sign of a shift in trend. What would you watch to confirm a move higher?
$UTK