FERN DIVERGENCE, DOWNTREND?
Price action keeps getting rejected at resistance level.
clear wide divergence is spotted a bearish sign which may result in a reversal.
The Barchart Technical Opinion rating is a 88% Buy with a Strongest short term outlook on maintaining the current direction.
Long term indicators fully support a continuation of the trend.
The market is approaching overbought territory. Be watchful of a trend reversal.
clear wide divergence is spotted a bearish sign which may result in a reversal.
The Barchart Technical Opinion rating is a 88% Buy with a Strongest short term outlook on maintaining the current direction.
Long term indicators fully support a continuation of the trend.
The market is approaching overbought territory. Be watchful of a trend reversal.
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