PRU Gap FillCould find trouble at this gap fill and turn red. Gonna continue to watch this for confirmation of either RIP or Dip.
Daily MACD and Stoch give me a slightly bearish bias next week on current conditions. 2 hr MACD is ready to potentially turn if no major RIPS occur. Stoch has been just floating overbought for 6 days and the RSI is overbought. Could see a shot down toward one of the trendlines towards the bottom to ease the pressure of the bears and then on and up (unless some idiot tweets some bull)towards the upper trend line in the Triangle.
PRU trade ideas
PRU weekly viewPossible triangle set up on the weekly. Daily MACD looks like it could turn at some point soon. Daily RSI is way overbought and stoch is close. Could go either way. If daily cooperates this could play out very well for a long over the next few weeks. Gotta watch twitter though lol
Reminder, this is a weekly view lol.
Do not follow this as advice.
Prudential (PRU) Buildup to Earnings!!!PRU is trending upwards for the time being, however indicators and price action are giving clues that strength may be running out.
The horizontal red lines are key resistance areas, along with the downward sloping red line for the longer term bear trend. Price is currently at a key resistance, which may chop price around until earnings.
The white diagonal support line is the short term uptrend, which may continue into earnings.
The RSI is beginning to move into the oversold area on the 1 hour time frame and divergence may be next. On the daily time frame the SMII is already showing indications of the price strength to slow down, and move downwards.
Look for bearish divergence on the RSI and a downwards cross on the SMII at key resistance areas, to give confirmation to enter a short at resistance and especially at earnings.
Happy Trading :0)
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This is not advice to buy or sell and is meant for educational purposes only.