I can't make much of a case for either direction at the moment. But the StochRSI on the 2-Hour chart is showing that we are overbought at this point. MACD oscillators are close to the center line as well as the moving averages themselves.
Bollinger Bands are showing some decreased volatility overall, but we're still looking volatile with this movement.
Volume was decent for this push but not quite enough. As you can see the trend line held perfectly and we are now on the way back down likely within the next few days unless something pushes us through that resistance.
I am still short despite almost panic covering this morning. GLTA.
Bollinger Bands are showing some decreased volatility overall, but we're still looking volatile with this movement.
Volume was decent for this push but not quite enough. As you can see the trend line held perfectly and we are now on the way back down likely within the next few days unless something pushes us through that resistance.
I am still short despite almost panic covering this morning. GLTA.