New Historical Lows-Bullish Retest or more Bearishness?
I am pointing at this stock because the last monthly candle has recorded a historical monthly low since 1986!.
Would we have a bounce back to at least test this monthly S/R? Are we going to have more bearish levels?
In Daily, we have a bullish divergence on both MACD and RSI and a relatively strong volume on the last candle.
In H2, the divergence is clearer.
Would we have a bounce back to at least test this monthly S/R? Are we going to have more bearish levels?
In Daily, we have a bullish divergence on both MACD and RSI and a relatively strong volume on the last candle.
In H2, the divergence is clearer.
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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.