For the last week of sell-off, the strongest sector would be this Consumer Staples where stocks like KO, PEP, PG, MO, CVS, WMT has a broke up on daily chart.
Bollinger band showing a squeeze, meaning expansion upside/downside is going to take place.
But RSI and MACD are showing me a bearish divergence.
It finished the week with a DOJI and the upper Bollinger band was rejected.
I am skewed towards bear side, though slight chance of upside is not rule out.
Bollinger band showing a squeeze, meaning expansion upside/downside is going to take place.
But RSI and MACD are showing me a bearish divergence.
It finished the week with a DOJI and the upper Bollinger band was rejected.
I am skewed towards bear side, though slight chance of upside is not rule out.