Notice Stochastic and Money Flow indicators on Daily
If you look at Daily Stochastic (circled) you can see a cross below the 80, again, and since it hasn't been down to touch the bottom in over a month, this almost always predicts a coming drop off. Also, the MFI indicator is now in oversold conditions on the daily as well, a fairly potent signal on this time-frame. Does this mean a guaranteed drop? No. Does this mean a big drop is more than likely? Yes. Just something to watch. Good luck.
Note
MFI is "OVERBOUGHT", sorry, I wrote the opposite originally.Note
SEE? :-) I told you so..more DUMPING to come.
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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.