See link below for previous analysis.
The best way to describe the ascent from the May 2020 low is creepy-crawling.
SBK stock has been steady with price well supported by the mid-sloping trendline.
As price has continued making higher highs, the MACD has made lower highs giving a bearish divergence signal. This does not imply a bearish reversal but that a pullback could occur, which as a first target, could take price back to the support line.
I am neutral and will monitor price action and volume at the support trendline.
The best way to describe the ascent from the May 2020 low is creepy-crawling.
SBK stock has been steady with price well supported by the mid-sloping trendline.
As price has continued making higher highs, the MACD has made lower highs giving a bearish divergence signal. This does not imply a bearish reversal but that a pullback could occur, which as a first target, could take price back to the support line.
I am neutral and will monitor price action and volume at the support trendline.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.