Bullish divergence on MFI
Pretty clear bullish divergence on the daily chart with MFI. We've already started a small rally but I think we have more room to the upside. See fibs for possible retracement levels... Previous support at 7035 and 8047 look like likely candidates for reversals. Punching through the .618 level around 8500 seems unlikely. Results from analyzing RSI were more ambiguous.
Volume continues to be weak, I still imagine a good six months to a year before a major rally establishes a new ATH.
Your thoughts and opinions would be welcome!
I hope you all had a wonderful weekend!
Volume continues to be weak, I still imagine a good six months to a year before a major rally establishes a new ATH.
Your thoughts and opinions would be welcome!
I hope you all had a wonderful weekend!
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