Upon review 2 signs of divergence can be seen when combining rsi with price action, both outside and in the overbought/oversold region of the rsi
due to this their should be a change in trend following, this may consolidate due to bear market conditions
-price action is also rising back up to 20sma, a good sign
The Barchart Technical Opinion rating is a 40% Sell with a Average short term outlook on maintaining the current direction.
The market is in highly oversold territory. Beware of a trend reversal.
Be careful trading against trends
Some recent news from a PR source: seeking aplha
Lenny Greene, CEO of Greene Concepts, states, "We are happy to retain the services of Slack & Company CPAs, LLC. We signed an agreement with them to provide a fair and unbiased review of our financial documents from the past three years. This includes our fiscal year balance sheets along with our income, retained earnings and cash flow statements. Their company operates under PCAOB oversight standards to ensure high-quality auditing and professional practice audit standards. This is a significant step for Greene Concepts as we position ourselves for trading on the NASDAQ to provide us with greater awareness, exposure, stability, capital and growth."
due to this their should be a change in trend following, this may consolidate due to bear market conditions
-price action is also rising back up to 20sma, a good sign
The Barchart Technical Opinion rating is a 40% Sell with a Average short term outlook on maintaining the current direction.
The market is in highly oversold territory. Beware of a trend reversal.
Be careful trading against trends
Some recent news from a PR source: seeking aplha
Lenny Greene, CEO of Greene Concepts, states, "We are happy to retain the services of Slack & Company CPAs, LLC. We signed an agreement with them to provide a fair and unbiased review of our financial documents from the past three years. This includes our fiscal year balance sheets along with our income, retained earnings and cash flow statements. Their company operates under PCAOB oversight standards to ensure high-quality auditing and professional practice audit standards. This is a significant step for Greene Concepts as we position ourselves for trading on the NASDAQ to provide us with greater awareness, exposure, stability, capital and growth."