The stock remains below the downtrend line, and the MACD is still in a bearish crossover.
While both the MACD and RSI are showing positive divergence, the strength of this signal remains uncertain. For a sustained move, the price needs to break out of the current downtrend; otherwise, it may just be suitable for a quick FIFO trade.
It's essential to seek at least three confirmations before making a move—anything less is simply gambling.
Disclaimer: The mentioned stocks are based solely on personal opinions for educational and discussion purposes only. There are no buy or sell recommendations. Trading involves financial risk, and you are responsible for your own decisions. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the information contained herein.
While both the MACD and RSI are showing positive divergence, the strength of this signal remains uncertain. For a sustained move, the price needs to break out of the current downtrend; otherwise, it may just be suitable for a quick FIFO trade.
It's essential to seek at least three confirmations before making a move—anything less is simply gambling.
Disclaimer: The mentioned stocks are based solely on personal opinions for educational and discussion purposes only. There are no buy or sell recommendations. Trading involves financial risk, and you are responsible for your own decisions. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the information contained herein.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.