MichaelMF

ADUS Overbought

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NASDAQ:ADUS   Addus HomeCare Corporation
RSI overbought territory. Redline on stoch has been a very prominent turning point for ADUS. The last 2 were drops from around 2-6 dollars within a few days. Hasn't hit the line yet but still a good watch. Also watching Distribution to see if it drops below the blue line which has held since January. Waiting to see if this in a channel play, the ascending wedge or a drop out of either/both. Could see some upside still, appears to be dropping due to falling outside of channel/wedge as well as BB on open. I've been watching ADUS for a few weeks waiting for this point to come lol

This is not advice.
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