12/27/20 - 1d Time Frame
1. Price action seems to be consolidating at the 151-141 area
2. MACD - lines seems to be converging and histogram seems to show downtrend losing momentum
3. Stochastics at oversold level at the 1day time frame - bullish
**We could see a bullish run once price goes over the 8/21 ema and MACD starts to kiss and point upwards.
Disclaimer:
My post in this channel should not be used as a replacement for investment advice from a qualified professional. All my post is for my own chart analysis practice, informational and entrainment purposes only as I am not a registered investment advisor and do not offer investment advice. You, the reader, bear responsibility for your own investment and trade decisions and should seek the advice of a qualified securities professional before making any investment or trade.
1. Price action seems to be consolidating at the 151-141 area
2. MACD - lines seems to be converging and histogram seems to show downtrend losing momentum
3. Stochastics at oversold level at the 1day time frame - bullish
**We could see a bullish run once price goes over the 8/21 ema and MACD starts to kiss and point upwards.
Disclaimer:
My post in this channel should not be used as a replacement for investment advice from a qualified professional. All my post is for my own chart analysis practice, informational and entrainment purposes only as I am not a registered investment advisor and do not offer investment advice. You, the reader, bear responsibility for your own investment and trade decisions and should seek the advice of a qualified securities professional before making any investment or trade.
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