FDO Daily

H/S vs. Bull Wedge. I'm leaning towards H/S as today's move was to be expected based on the tiny wedge and oversold Stoch condition.

If we break above the purple trend line, bull wedge in play. 50 crossing below 100 two days ago would suggest otherwise. Stoch is no longer oversold. A break above 65.32 would mark a higher high and confirm a reversal. Other discounters are also performing poorly.


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