This is a continuation of post from yesterday that I have linked.
Indicators used and purpose
Conclusion
The issue I see with downward trend it would be highly limited. Worst case scenario the previous bottom is broken which seems unlikely. Without breaking previous bottom time on the linear regression channel shows a breakout would have to happen before the end of the year. The upwards potential highly outweighs the downwards potential.
Indicators used and purpose
- 21 weekly MA Comparison to moving average of price.
Sitting below the mean.
www.investopedia.com.../m/movingaverage.asp
- Linear Regression
Time and Price comparison.
www.investopedia.com...rms/r/regression.asp
Conclusion
The issue I see with downward trend it would be highly limited. Worst case scenario the previous bottom is broken which seems unlikely. Without breaking previous bottom time on the linear regression channel shows a breakout would have to happen before the end of the year. The upwards potential highly outweighs the downwards potential.
