Ascending wedge has formed - IMHO it will correct to a fibonacci retracement level, previous demand zone, or the 200 moving average. The target of the wedge itself aligns perfectly with the 200 MA on daily.
MACD MA crossover on daily, as well as hidden bearish divergence on RSI.
Highest RSI level ever on weekly. Fundamentally I think this is a great long term buy, but now is not the time to buy.
MACD MA crossover on daily, as well as hidden bearish divergence on RSI.
Highest RSI level ever on weekly. Fundamentally I think this is a great long term buy, but now is not the time to buy.
Note
Weekly chart:
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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.