Was INDI struggling to break the trendline?


The stock price attempted to break the trendline, as shown in the picture, but the volume profile was not promising. Momentum and RSI (not shown here) are still in good shape. However, the latest candle was a small green candle with mostly negative deltas, and the Point of Control (POC-Yellow) also had a negative delta and was declining.

I hope the price will respect the EMA25 (white line), with buyers gaining strength next week. If not, the price will be going down, with the support levels - 4.14 and 3.86, respectively.


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Feragatname