My view for this counter.
Hidden divergence detected if using MACD. Price keep rising but MACD keep lower. Awaiting 3 drive formation as drive no 1 and no 2 completed which in line with sellers zone. Price in consolidation as it need to break inside bar formation either going up or down.
As long as price doesn't go to Flag zone, i am remain neutral on this counter.
TAYOR-Trade at your own risk
Hidden divergence detected if using MACD. Price keep rising but MACD keep lower. Awaiting 3 drive formation as drive no 1 and no 2 completed which in line with sellers zone. Price in consolidation as it need to break inside bar formation either going up or down.
As long as price doesn't go to Flag zone, i am remain neutral on this counter.
TAYOR-Trade at your own risk
Comment:
Price breakout Inside bar and shot up until sellers zone. 3 DRIVE formation confirm as price return back and close in inside bar. Expect price going further down