Weekly Predictions (Feb 18 - 22)
Updated
- Price is oversold on the Stochastic Oscillator
- Price reversed at recent low
- Might form a double bottom
- Price reversed at recent low
- Might form a double bottom
Note
4-hr chart- Consolidation
- Price neither oversold nor overbought
- Price recently broke above EMA (25, close) and closed on a retest
Predictions: Watch for bullish candlestick to form breaking above consolidation zone
Note
1-hr chart- Consolidation
- Price overbought on Stochastic Oscillator
Note
Key Analysis: Since price oversold on daily and overbought on the Stochastic Oscillator from the hourly this could mean that price will go on a brief downtrend, maybe retest at the EMA (25, close) on the 4-hr or hourly chart and then resume uptrend
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