So indicators, as with everything else, like to fast rewind/forward a whole heap of stuff, but we're seeing a momentum shift and a move towards 160 based on data.
The indicators have given it more room to run down before a sign of reversal, with stochastic entering the 20 zone and RSI 30ish, MACD death cross daily.
With room for indicators to get a top in is still consistent, looking at a run to 240 or shy before we reverse.
The lines show a narrowing squeeze indicator but have a close retrace in the mid-80s, which I am also paying close attention to.
The stock has taken a beating. On its way up, it gradually looked into areas from previous resistance and is now looking for the reversal on a solid support line.
Setting up on the last bit of support before breaking through that, or a reversal to fully form what I still suspect to be reverse H&S.
The upside-down H&S warrants a continued push higher. Technically based it is waiting on more news to confirm upside.
In the channel, there is still room to go, but it has pretty much bottomed. We should see this back at 150 unless indices and ETFs are struggling.
Also, other key areas and indicators, other than stochastics, are still allowing more room to fall, bringing it closer to above or below 500.
Setting itself up, the first September of the month hasn't been very friendly to bulls, but with consolidation taking place, and another wave movement, we could see low 100 to mid 100.
There is room for growth, but the chart suggests that in the short term, we may see a bear run.
The same trend hasn't broken yet and continues to consolidate before breaking out.
Waiting for a retrace, a correction to 115 as it has done so on the uptrend, as history dictates.
There is room to fill, make a new high, and it could close at 400. With all indicators, there is room to breathe, and growth candles are subject to a newer high.
Daily analysis varies by sentiment and political news. The technicals, however, are close to a squeeze.
What are the odds of a sideshow allowing the last quarter to be a little less volatile and more buying up institutions for future guidance?
**TECHNICAL ONLY**The 400 is barely holding, 500s no problem; what's strange is MACD - death cross, and stochastic midway down. I would like to see 25% since 600 restored, allowing my target to reach 450 approximately
There is room on the oscillators, and technicals indicate some slowdown. It could flush even more complex if it reaches 145-150 higher than targets.