This S&P healthcare sector has been in uptrend since 2009, price has been rejected from 68 and upper bollinger band for the past 3 weeks.
RSI is having a downtrend channel, there are still some room for RSI to test underside of channel top, which means price could break 68 and test uptrend channel top at around 69.5
MACD uptrend line has been broken and MACD are retesting the underside of uptrend line.
When both MACD & RSI are rejected correspondingly, we will see funds heading out for other sector.
RSI is having a downtrend channel, there are still some room for RSI to test underside of channel top, which means price could break 68 and test uptrend channel top at around 69.5
MACD uptrend line has been broken and MACD are retesting the underside of uptrend line.
When both MACD & RSI are rejected correspondingly, we will see funds heading out for other sector.