Upon review bullish wide divergence is spotted when combing rsi with price action indicating trend change.
Massive buying pressure is increasing
20 sma is retesting 50 sma, may be done bottoming looking for small profits
The Barchart Technical Opinion rating is a 100% Sell with a Average short term outlook on maintaining the current direction.
Long term indicators fully support a continuation of the trend.
The market is approaching oversold territory. Be watchful of a trend reversal.
Massive buying pressure is increasing
20 sma is retesting 50 sma, may be done bottoming looking for small profits
The Barchart Technical Opinion rating is a 100% Sell with a Average short term outlook on maintaining the current direction.
Long term indicators fully support a continuation of the trend.
The market is approaching oversold territory. Be watchful of a trend reversal.