Not a Financial Advice 1: THRY

I am learning to read stock and predict its future movements. Starting this weekly series of posts which might act as a reference, in the future, to see if the prediction was right or wrong.

This weeks stock I have taken up is THRY ( Thryv Holdings). Below is screen of THRV from trading view

Observation

1. The stock price bounced upwards after touching the EMA 50

2. MACD has crossed below signal line

3. There is a RSI divergence observed.

Prediction

1. Since there is a divergence in RSI and MACD cross over a minor downward movement is still expected till $31.5 where it might touch the EMA 50.

2. Once it touches the EMA 50 the price might see an upward movement again and could cross the recent peak.

Action

I am planning to buy the call option for November when the price is close to EMA 50 and better MACD pattern

Will comment if I actually end up buying the call option this week.

Since I am still learning the observations and predictions might be very simplistic. Please share your input in comments