MACD recording higher lows whilst prices are trending down. Strong volume could help this one turn around again soon.
The recent CEO troubles are amongst a few factors causing this one to have dropped recently, but it's always been a strong defensive stock. Could be a good opportunity to buy in for those contrarian investors.
The recent CEO troubles are amongst a few factors causing this one to have dropped recently, but it's always been a strong defensive stock. Could be a good opportunity to buy in for those contrarian investors.
Note
This has tracked nicely. I expect this to continue on the upward trajectory.
For the conservative traders, there isn't much to act as resistance to confirm a reversal, so the crossover of the MACD would be the thing to watch.
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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.