Rising TideThe wave is crashing but the tide is rising!. What this means, the stock has fallen in value, however it is on the rise and many indicators point to it increasing in value. First, the Bollinger bands at the very top, it is about to cross at a low point giving a buy signal. Second, Divergence+ is showing growing bullish divergence. Third, the Kurotoga cloud. The Kurotoga cloud shows resistance at $411 a share on the 45min chart. however it is a large cloud and the price can move further into the cloud and still be under resistance. It still has potential to hit $425 based on this previous statement. RSI is a low 42 and MACD shows room for growth while bullish volume is increasing.
Will be watching closely, I see a rise tomorrow.
What are your thoughts? Comment below
