All Indicators point to more downside movement on the 4 hour chart.. A little oversold but still plenty of space to carry on the trend and a lot of momentum still building up on the downside.
The 1 Day chart looks also Bearish the Chikou span has dropped below the trend and the day candle is sat in the cloud.
Has a long way to go down on the Stochastic and MACD was in overbought territory for a while..
I expect it to drop to $23-$24 where it will fill a Gap and also find support.
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Apology, the Gap at this level was already filled, But still a good support line.
Look at the daily cloud. Sharp termination at the bottom of cloud, never broke.
brookc1987
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@cameraparts1701, Yeah i did look at the Day also... It did break it but bounced back up into it, I think tomorrow will tell us whats going to happen on the daily.