Chances of Downtrend:
Price drop from resistance forming Inverse Cup and handle
Rising wedge reacting to lower resistance with MACD conforming, momentary downtrend, which has a high chance of breaking through weak support.
Chances of Uptrend:
Possible chance of a bullish rectangular pattern forming
Possible change in stocks
Possible news release
RSI may react with a potential buy signal
Conclusion:
Have a Sell stop order ready for below support, close at a suitable position.
Price drop from resistance forming Inverse Cup and handle
Rising wedge reacting to lower resistance with MACD conforming, momentary downtrend, which has a high chance of breaking through weak support.
Chances of Uptrend:
Possible chance of a bullish rectangular pattern forming
Possible change in stocks
Possible news release
RSI may react with a potential buy signal
Conclusion:
Have a Sell stop order ready for below support, close at a suitable position.
評論:
We have seen a potential uptrend, which follows the rising wedge pattern, increasing the chance of a bounce from resistance.