The momentum indicator is below it's 14MA and the MACD has already crossed. With a cross of the 15SMA and 5EMA and a pullback to the MA's, I do believe the next move is down. I am not trading this deal as the MACD lines are just above/on the ultra bullish horizontal line which puts it outside my strategy parameters. Still, I wanted to share this idea as I thought it might be helpful.
Commentaire:
Another move up today which proves that keeping to a good strategy despite your gut feeling will save you from losses.