Still seeing bullish divergence on MACD and RSI... If we close the day above the top of the wedge and get follow through tomorrow, that would be a very nice development!
Seeing a couple of interesting things developing on the daily chart.
1. Falling wedge pattern. Most people have been focused on a bearish pennant setup. However, over the last few days I'm starting to see a falling wedge pattern showing up. A breakup from here would confirm.
2. Bullish divergence on RSI and MACD
3. Rising volume over the last couple of...
Ive been looking at a lot of charts over the last year. This looks like a clear head and shoulders setup. Price is sitting below the daily 20 and 50 SMA and right on the 200 day SMA. RSI trending down and under 50. MACD averages are negative... But turning up, so there could be hope. A break below the neckline could fill the gaps tbelow $8 and another below $7. A...
