Todays 9:30 (intraday) market open should provide enough strength and momentum to cross the .305-.322 resistance. I’m expecting the cost of TRKA to open at or very close to yesterdays close
$Troika Media(TRKA.US$ because of the interesting pattern this chart has been through the last month or so, there is the unique timing of crossing up and over some big daily scale moverages at or not too far after market opens today at 9:30AM.
***Strangely the first MA crossover in line is the 5-day crossing the big 120-day MA. Their is a chance the 5 could also cross the green 60-day MA at open, but if not it should within first /2 of day. Also a chance the 10-day MA could follow closely, also crossing the big 120-day MA with ease. Because of the unique recent history of movement, this one is crossing your daily level lines “out of order”….. normally the red 120 day is not cross until the 30 and 60 has been crossed. However, this is a unique scenario in which the 120 day is first in line. because of this unique scenario, if it can cross the 120 at open, it should bypass any resistance levels with fury.
Normally when crossing these big daily scale moving averages the price should see a significant increase, and like mentioned, should help cross any resistance level without any problem. Time will tell!
in the meantime, TRKA will consolidate until the purple “MA1000” on 1 min scale is “within reach” of cost line. It will not be until then to expect upward movement.
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