TA Analysis
$Freight Technologies (FRGT.US)$ Following the good news on being listed as a US company and the Nestle deal, a potential breakout may be in the works... Some clues:
WEEKLY CHART: RSI 6 moved above RSI 14 and is slightly above RSI 24. Last time RSI 6 crossed above RSI 24 was in December last year when it ran 300%.
DAILY CHART: Price closed above upper bollinger band with RSI 14 above 50 and showing upward momentum.
4H CHART: Price closed above support (1.61-1.63). There's also a decent volume shelf.
Above 1.90s this will break above volume shelf and gain momentum. In such scenario could run to 3s even 4s without any significant pullback. Below 1.50s this goes back into bearish mode however I doubt it as it has been consolidating in this range for 2 months now.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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