After a double bottom, I am looking for price to rise from the current rangebound consolidation. The yellow arrows show a $30 stock price move. Price action has shown some relative strength today and can move up over the next two days if markets rise.
My only caution is that RSI shows bearish divergence already, but since price has pulled back today. It is possible for price to rise further while RSI lingers over 55.
My only caution is that RSI shows bearish divergence already, but since price has pulled back today. It is possible for price to rise further while RSI lingers over 55.
Note
Again this stock has shown relative strength today. P/C ratio is lower as well.Red markets most of the day - only reason
BA is not at 17730m chart - price must close over 175.36 volume shelf, RSI bullish, stochastic %K gave a buy sign at open. If %D crosses over 70, momentum picks up as crowd joins in.
5m chart - 20ma is now at 200ma, price consolidating
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.