Odd chart as there are bullish crossovers of the longer term moving averages yet price is under all of them. The 50, 100 and 200 look good. The 20 does not look so hot.
Golden cross when the 50 SMA crossed up through the 200, but price does not really line up with the moving averages so go figure? Moving averages are lagging, price is not. Price is under the 20, 50, 100 and the 200 SMA. I even double checked to be sure I had the moving averages correct. To me price needs to catch up with it's averages.
Price has been through some Ws which seem to have brought some significant lows. Price does appear to be in a crooked M now.
Bearish divergence at last top as it does not match RSI at the 2 peaks. That would have more than likely corrected by now.
Long entry would be neckline with an uptrend in that direction. Strange chart. lol. Possible stop under 328 or lower depending on tolerance. If I were to buy this, this would be one I would contemplate a mental stop or a sticky note since earnings are not anytime soon!
If or when price breaks the neckline, it would hopefully become support. For now it is resistance.
No recommendation. Curious to see how this plays out.
Golden cross when the 50 SMA crossed up through the 200, but price does not really line up with the moving averages so go figure? Moving averages are lagging, price is not. Price is under the 20, 50, 100 and the 200 SMA. I even double checked to be sure I had the moving averages correct. To me price needs to catch up with it's averages.
Price has been through some Ws which seem to have brought some significant lows. Price does appear to be in a crooked M now.
Bearish divergence at last top as it does not match RSI at the 2 peaks. That would have more than likely corrected by now.
Long entry would be neckline with an uptrend in that direction. Strange chart. lol. Possible stop under 328 or lower depending on tolerance. If I were to buy this, this would be one I would contemplate a mental stop or a sticky note since earnings are not anytime soon!
If or when price breaks the neckline, it would hopefully become support. For now it is resistance.
No recommendation. Curious to see how this plays out.