Bill Williams Indicators
NuZee Inc, is near a reversion? 90% below its all-time high in June 2019.
Stochastic and RSI at the oversold point.
The Williams Oscillator has been in negative territory since August 2020, is a reversal coming?
Nuze has been trading at a loss for some time now, which has dragged the share price down, positioning itself near a relevant support level not seen since March last year. If it is a bottom and the company manages to float, this action could return to $20 in the medium term.
NASDAQ:NUZE
Bullish after stepping back on the edge of the channelThe price may face a correction in the brown circle, but it is not recommended to be short in trading with the trend, and be long after the correction. The long basis is that nearly 75 people are short for every 100 people. According to the fact that retail investors are wrong, then bullish, those short chips will become the driving force in the future, but they are facing pressure or will face pressure.
According to the chaos trading method, if the price breaks through 4h, it will be fractal effectively. After stepping back, it will be a long opportunity, unless it breaks through the rising channel. The reference position I gave is the top of the 4H cloud, which may overlap with the linear regression I divided to form a strong support.