Oversold on the hourly, which could lead to a pop here.
RSI showing bullish divergence
CCI oversold -100..
Could see a pop to 23.88-24 where it could fizzle out. If we breakover 24 that would lead to a double bottom to 26.50.
At 26.50 is the 200sma daily.. I don't think we break back over this without an overall market reversal
RSI showing bullish divergence
CCI oversold -100..
Could see a pop to 23.88-24 where it could fizzle out. If we breakover 24 that would lead to a double bottom to 26.50.
At 26.50 is the 200sma daily.. I don't think we break back over this without an overall market reversal
Commento:
Same time frame, looks inverted H&S now
