𝗪𝗼𝗼𝗹𝘄𝗼𝗿𝘁𝗵𝘀 𝗽𝗿𝗲𝗽𝗽𝗲𝗱 𝗳𝗼𝗿 𝗮 𝗻𝗲𝘄 𝗿𝗮𝗹𝗹𝘆?
There is substantial history here with the price holding this trend, with the COVID fear leading to a temporary break of the top side, but generally it has been quite stable. The RSI is hovering around it's low point - just above oversold - as well, which is a good indicator of health of the trend.
Volume is down, however that's only compared to the recent frantic COVID day trading volumes, and it's about where we would expect if we exclude that volume. These are the nice trades to build a long term portfolio around.
There is substantial history here with the price holding this trend, with the COVID fear leading to a temporary break of the top side, but generally it has been quite stable. The RSI is hovering around it's low point - just above oversold - as well, which is a good indicator of health of the trend.
Volume is down, however that's only compared to the recent frantic COVID day trading volumes, and it's about where we would expect if we exclude that volume. These are the nice trades to build a long term portfolio around.