Anticipated projection of coming weeks. Stochastics + RSI + CCI = Incoming oversold levels on current uptrend -> Soon down MACD = Current trend losing momentum -> Down soon Elliott Impulse phase completed -> Incoming correction (ABC) and possible Inverse Elliott wave downwards. MACRO SCALE: Still within a descending channel that might break out up at any time.
Two probable outcomes (1 and 2). BELOW: Descending channel with possible break out upward further ahead
Two probable outcomes (1 and 2). BELOW: Descending channel with possible break out upward further ahead
The peak has been reached, the stock has been higher this year than it ever has been. Time for correction. Short term: Might bounce around up and down inside the wedge before eventually coming down to form a new bear trend.