Cup and Handle with a Bearish Engulfing Handle -1D Time Frame

29 dic 2023

Tellurian has formed a cup and handle on the daily timeframe. Today we closed with a engulfing bearish candle which if you look at the previous candles that are bearish engulfing they result in a consecutive day with a lower stock price. On my previous post you will see a gap on the 1hr time frame. I am predicting that we have a down day on 12/29 but not much further than .84 stock price. RSI(Relative Strength Index) needs a cooldown and a retracement is healthy and anticipated after a large percentage increase.