On the 4 hour scale and below you really start to see the breakdown on thee LGIH
chart. indicators turning negative, except for OBV. OBV has turned neutral. The price action has formed both a rounded top and a H&S
. I expect this stock to begin the process of a trend reversal in the short term. If this stock continues to see downside over the coming weeks, it would begin to show in the higher time frame charts.
looks like the stock is rolling over. price action rolling. macd
, and stoch RSI
rolling over. OBV still looks ok
cross, otherwise all other indicators look ok.
no major trend change yet