It looked bearish in first half of year; but then something changed and sent the trajectory upwards;
Because its near the middle of the weekly channel; its a tough call to say which way it would go. The rising wedge also looks like its getting squeezed.
That means that this growth is not fully sustainable. It will most likely take a dive and then continue head upwards towards the top of the blue channel.
I personally wouldnt play this right now.
Because its near the middle of the weekly channel; its a tough call to say which way it would go. The rising wedge also looks like its getting squeezed.
That means that this growth is not fully sustainable. It will most likely take a dive and then continue head upwards towards the top of the blue channel.
I personally wouldnt play this right now.