ALI got help from 20-day SMA line

So far ALI is able to climb the ladder after falling from the 50% Fibonacci Retracement level. The 20-day SMA line prevented price from going down as ALI creates higher lows. This week it will try to make a comeback on 50% level. Could it break the resistance? RSI or Relative Strength Index still at 50 and Momentum indicator about to cross the zero mark.

Looking at its weekly chart, we could see that the Doji candlestick at the top of the trend which could lead to a reversal is not confirmed which gives impression that the bulls are still there.


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