Because we have a break of the trend, and are now firmly in the channel that was defined before the last few weeks of the mania phase.
Comment:
MACD and Stoch RSI still up. Trend confirmed.
Comment:
We have confirmation of the trend being back in the longer term healthy channel, bouncing off the top and then entering the channel.
Comment:
Friday, it bounced off the bottom of the channel and it is holding in the channel now.
Comment:
Channel is broken on the downside. Monitoring carefully.
Comment:
Closed.