US - OVERSTOCK.COM - Aug 2021
- Currently forming Double Bottom pattern. However it is still not able to break neckline resistance.
- Once the neckline is break, it will move higher but if it failed, it will go downwards to support.
- Last night resistance testing was failed and the candle forming Bearish Pin Bar.
- DMI indicating the uptrend is already started.
- Stoch is headed to overbought region but if it stayed in there without breaking downwards, it will be trending.
- The low risk move for Long is to wait it to break the neckline.
- if it able to break, it is advised tp use the Purple trendline to exit and re-entry.
"Market is always right"
- Once the neckline is break, it will move higher but if it failed, it will go downwards to support.
- Last night resistance testing was failed and the candle forming Bearish Pin Bar.
- DMI indicating the uptrend is already started.
- Stoch is headed to overbought region but if it stayed in there without breaking downwards, it will be trending.
- The low risk move for Long is to wait it to break the neckline.
- if it able to break, it is advised tp use the Purple trendline to exit and re-entry.
"Market is always right"
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Feragatname
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