Lumen, made a great run up in the past weeks/month. Touched the top of the channel, expecting to calm down for now. Why? Let's see.
It's dropped out of the bullish RSI trend, it made a negative cross on the MACD (while this is turning up for now and RSI also), volume going down, finished 3th Elliott Wave, expecting to retrace to leg 4 before we'll head upwards at the end of this year again. Not buying for now.
It's dropped out of the bullish RSI trend, it made a negative cross on the MACD (while this is turning up for now and RSI also), volume going down, finished 3th Elliott Wave, expecting to retrace to leg 4 before we'll head upwards at the end of this year again. Not buying for now.
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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.