The weekly chart currently stands at the neckline of a double top pattern, where it formed a bullish engulfing candle last week. The Force Index has been oversold a few weeks ago, and is now back inside the channel. A bounce is possible.
Going to the daily chart, a bounce seems imminent. An almost perfect class A bullish divergence on the MACD lines and histogram at strong support with a false breakout below a very strong support level at 88$. Here too, the Force Index has been oversold and is now back inside the channel.
I would use a stop well below 88$ and I would look for a target around 108.
Going to the daily chart, a bounce seems imminent. An almost perfect class A bullish divergence on the MACD lines and histogram at strong support with a false breakout below a very strong support level at 88$. Here too, the Force Index has been oversold and is now back inside the channel.
I would use a stop well below 88$ and I would look for a target around 108.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.