Long
I wonder if it would follow this! What are your thoughts?
NASDAQ:RWLK
Since the intense February has passed, I am curious to know if it would bounce back. It is showing a mild uptrend for the past couple of days. The RSI and MACD show a mild buy signal, and even though the volatility is low, it is still indicating an uptrend.
Before the previous uptrend (28 Jan to 16 Feb), there was a -28% drop in the price for half a cycle followed by a +144% uptrend for 2 cycles. Now it seems like it is bouncing back. The previous downtrend took nearly one cycle, so I wonder if it would follow the same ratio.
I am curious to know what you think?
Since the intense February has passed, I am curious to know if it would bounce back. It is showing a mild uptrend for the past couple of days. The RSI and MACD show a mild buy signal, and even though the volatility is low, it is still indicating an uptrend.
Before the previous uptrend (28 Jan to 16 Feb), there was a -28% drop in the price for half a cycle followed by a +144% uptrend for 2 cycles. Now it seems like it is bouncing back. The previous downtrend took nearly one cycle, so I wonder if it would follow the same ratio.
I am curious to know what you think?
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.