SRAX- Bullish

11 dic 2017

Using moving averages and along with Bollinger bands, I have determined that SRAX is going to continue to be bullish. The stock recently consolidated as it got too far away from its 9 day EMA. Today 12/11/2017, the price has crossed the 9day EMA, thus putting the stock back on track. The EMA(9) is above EMA(20), which is above EMA(50) and above EMA(200). ALso, the stock is in the middle of the bollinger bands so it is neither oversold nor overbought. I like to buy the stock when the candle passes the center line of the bollinger band as it has done today. Furthermore, today's volume is in the millions so the stock will be able to experience some movement.