Slight pullback today around 1.3% so far. It looks like it is respecting the downward sloping red line. It could dump further before breaking through. I'm already fully loaded on this stock, but if I weren't I would wait for it to break through that red line before buying. If it continues to react negatively to that line (and the SMA) then it could be due for a much more significant drop. If we were to wait for the price to cross the red line I mentioned, I believe this will represent a shift in momentum towards a bull trend.
I don't like the way the RSI is looking currently but I do like the looks of the MACD. I consider both of these indicators to be less important than the reaction to the red line and the reaction to the SMA. Those 2 are my primary indicators to observe for making a trade. Going by those 2 indicators, currently bearish in the short term (again, until the red line threshold is crossed).
Good luck everyone.
I don't like the way the RSI is looking currently but I do like the looks of the MACD. I consider both of these indicators to be less important than the reaction to the red line and the reaction to the SMA. Those 2 are my primary indicators to observe for making a trade. Going by those 2 indicators, currently bearish in the short term (again, until the red line threshold is crossed).
Good luck everyone.