Weekly Predictions (Feb 18 - 22)

- Price is oversold on the Stochastic Oscillator
- Price reversed at recent low
- Might form a double bottom

Comentário:

4-hr chart

- Consolidation
- Price neither oversold nor overbought
- Price recently broke above EMA (25, close) and closed on a retest

Predictions: Watch for bullish candlestick to form breaking above consolidation zone

Comentário:

1-hr chart

- Consolidation
- Price overbought on Stochastic Oscillator

Comentário:

Key Analysis: Since price oversold on daily and overbought on the Stochastic Oscillator from the hourly this could mean that price will go on a brief downtrend, maybe retest at the EMA (25, close) on the 4-hr or hourly chart and then resume uptrend