1-2 Week Horizon
Price action for the past month or two has been respecting the 21ema, a good sign of movement. Price just touched our buy zone however lines are pointing down and histogram shows down momentum not letting up while stochastics just touched oversold level but still has a little more room to move down. Although price action is currently at a descent area for entry, there is a descent chance for price action to go down or sideways a little bit more before going up.
Weekly time frame shows open pointing up and histogram shows momentum slowing down but not much. Stochastics on the weekly has been on the oversold level but has been in that level for the past few weeks. It seems like it has a little more juice for a move.
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