$DRH Diamondrock Hospitality Bearish Weekly Technicals.
A few things to note here;
1) ADX has begun moving up, indicating potential for a new downtrend to emerge
2) Weekly support has very convincingly been broken
3) Price structure is now lower highs and lower lows.
4) Weekly MACD shows no sign of recovery at this point in time.
5) RSI is not oversold yet
1) ADX has begun moving up, indicating potential for a new downtrend to emerge
2) Weekly support has very convincingly been broken
3) Price structure is now lower highs and lower lows.
4) Weekly MACD shows no sign of recovery at this point in time.
5) RSI is not oversold yet