Bearish Rising Wedge noted.
The bottom trendline remains in tact so it is not valid.
Both trendlines are sloping up and narrowing as the apex.
The lines show that the highs and the lows are either rising or falling at differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge shaped trend lines are considered useful indicators of a potential reversal in price action
Earnings are 3-9 and analysts appear positive on numbers.
No recommendation.
Short is around 3%.
The bottom trendline remains in tact so it is not valid.
Both trendlines are sloping up and narrowing as the apex.
The lines show that the highs and the lows are either rising or falling at differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge shaped trend lines are considered useful indicators of a potential reversal in price action
Earnings are 3-9 and analysts appear positive on numbers.
No recommendation.
Short is around 3%.
Note
Chains keep us together (o
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.