Potential inverse head and shoulder forming for a break to the upside
If that pattern fails and we are unable to bounce at the bottom of the channel bearish pts are given as well
With a major infrastructure plan in the works, EV burning up the roads, and hoping for a green future, Leu is waving its flag and trying to get our attention.
Earning report on 8/17
Bill could pass any day, earnings report likely positive - If they happen close together this will be a one-two punch on the accelerator.
Price to drop on 8/11 with 8:30 AM...
INFRABEES after 2011
given breakout and again retest .
now add here and near 395
accumulate in deep
we seen 477/533/577+
Note : views only for education purpose.
MLM has been building strength and continuing. Although sometimes a high RSI means something is overbought, sometimes it can signal strength. Every time the RSI and MACD spike, it ends up being a sign of building strength and momentum in MLM as marked by the blue vertical lines.
There was a bullish Golden Cross and with the infrastructure bill around the corner,...
Technical Analysis
We have a breakout on strong intraday volume (200% above 10-day average).
RSI @67 - still not overbought.
OBV has been supportive.
Because we are in a longer down-trend, we will see multiple resistance; which will very helpful to set your limits.
Risk reward ratio is great, using $32.3 as stop-limit loss, and $39 as a sell-exit.
Be...
