An updated chart,
2 points/ risks here to watch out for,
-
WMAs are looking to start into a declining slope, which never is a good sign from a momentum point of view.
-
RSI also is showing a declining trend. Still above 50 but close watch needs to be maintained.
As described in the post earlier, big red volume candle was not so encouraging. Might enter a consolidation stage if not further degradation.
A big green candle as a shoot up from 30 WMA might be encouraging in coming days. Of course this has to be after very low red candles (Signaling reduced volatility).
Disc. – No positions. Only for study purpose.
| Subscribe To Our Free Newsletter |
