My best guess is down to 129. But it really depends on how it opens and if it gaps too
claydoctor
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Converging, consolidating EMA's, is that like converging bollinger bands? I just never compared the two as correlated indicators.
tradearcher
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I use the following emas: 9, 19, 50, and 200. Emas 9,19, and 50 are converging on each other which means the stock is sideways. Also ema50's slope is nearly zero as well.
OBV on the other hand is also sideways since OBV keeps crossing it's ema50 multiple times, ie, the black circles the chart. This can indicate weakness due to the increased number of crossings.
claydoctor
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or maybe indecision, as in a doji?
tradearcher
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Quite possibly. Rest of the week depends on volume and where price will be supported