Bullish Signs:
Bearish Signs:
Not a strong short term play, would classify this as risky if you want to play the short term upside. Less risky playing the middle/long term downside.
- Bullish divergence on the RSI
- Bullish divergence on the MACD
- Double bottom potential (could bounce in that range though)
Bearish Signs:
- In descending channel
- Breakout from rising wedge
- Weak pullback to the wedge
Not a strong short term play, would classify this as risky if you want to play the short term upside. Less risky playing the middle/long term downside.
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