BCE monthly is oversold, a rare occasion to potentially load up and sell when the monthly RSI hits 70.
Monthly volume is not as big as the 2000-2010 period, however it does match the volume from 2021-2022 highs suggesting this may be the bottom.
Weak red monthly candles followed by June's reversal candle also suggest accumulation.
The weekly support around 29 and rectangle or box pattern suggest accumulation as well.
The red weekly candle was not followed by a red continuation weekly candle suggesting bulls are in control.
Monthly volume is not as big as the 2000-2010 period, however it does match the volume from 2021-2022 highs suggesting this may be the bottom.
Weak red monthly candles followed by June's reversal candle also suggest accumulation.
The weekly support around 29 and rectangle or box pattern suggest accumulation as well.
The red weekly candle was not followed by a red continuation weekly candle suggesting bulls are in control.
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Disclaimer
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.