"Canon" is located in the area of congestion (accumulation).
We find positive divergence (bullish _ with sales volumes growing and at the same time, the prices growing price).
So, some of big investors, are covering, buying from little ones who are selling ........... (following the trend started the week of 20 / 27.04.2015)
In conclusion, if we have confirmation of the break of trend line that began 20.04.'15, we could have two TP exactly at 50 and 61.8 Fibo.
Only ltempo will tell for sure ............
We find positive divergence (bullish _ with sales volumes growing and at the same time, the prices growing price).
So, some of big investors, are covering, buying from little ones who are selling ........... (following the trend started the week of 20 / 27.04.2015)
In conclusion, if we have confirmation of the break of trend line that began 20.04.'15, we could have two TP exactly at 50 and 61.8 Fibo.
Only ltempo will tell for sure ............