In early May the MACD line (white line) and signal line (blue line) are going to give a false-positive, which can be seen historically in this stock. This is confirmed by the direction of the Awesome Oscillator. This direction signals a short term bearish trend, but the stock is gearing up for a break out to somewhere around $5.40 in the next 2 months.
Not a pro and this isn't advice, but it's what I'm following. The AO and MACD, when used in conjunction, are a phenomenal way to predict price movement.
RKLB
Not a pro and this isn't advice, but it's what I'm following. The AO and MACD, when used in conjunction, are a phenomenal way to predict price movement.
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