Short
The Party Is Over
Although Barchart has it as a 96% STRONG BUY, they caution as follows:
"The Barchart Technical Opinion rating is a 96% Buy with a weakening short term outlook on maintaining the current direction.
Longer term, the trend strength is Strong. Long term indicators fully support a continuation of the trend.
The market is approaching overbought territory. Be watchful of a trend reversal."
I would tend to agree because it has bounced off of resistance and fallen through support. I'm selling and I'll watch next week to see what it does; I wouldn't trust it over the weekend.
"The Barchart Technical Opinion rating is a 96% Buy with a weakening short term outlook on maintaining the current direction.
Longer term, the trend strength is Strong. Long term indicators fully support a continuation of the trend.
The market is approaching overbought territory. Be watchful of a trend reversal."
I would tend to agree because it has bounced off of resistance and fallen through support. I'm selling and I'll watch next week to see what it does; I wouldn't trust it over the weekend.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.