The market as a whole needs this rally to have healthy breadth and so far that's what it looks like is happening, a broad-based rally.
It closed above its 200 DMA for the first time since April 21st (albeit by just 13 cents) which is also when the downtrend started. The downtrend has been thoroughly broken.
Looking for 2-3 more strong daily closes above the 200 DMA to be relatively certain that the rally will continue and we could be back in a bull market.
It closed above its 200 DMA for the first time since April 21st (albeit by just 13 cents) which is also when the downtrend started. The downtrend has been thoroughly broken.
Looking for 2-3 more strong daily closes above the 200 DMA to be relatively certain that the rally will continue and we could be back in a bull market.
Publicações relacionadas
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.
Publicações relacionadas
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.