Technical analysis by WaltrAlexander about Symbol SLP: Buy recommendation (12/26/2023)

SLP is showing a strong bullish divergence on the 4-hour chart, indicating a potential uptrend. The Money Flow Index is in the green zone, signifying positive buying pressure. Importantly, the price is sustaining above my EMA’s, which supports my sentiment. My TP is set at the 2.618 Fibonacci level. This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD, RSI, Momentum, and resistance/support zones combined with patterns.