PERSISTENT going on with Bearish Momentum on Hourly
Persistent systems are on a downward channel on the hourly, can fall to 1850 levels before bouncing back up. Long term it's a long play however it seems like small correction is due.
Price is below kumo clouds which indicates bearish trend, moreover price action is not making higher highs and with ADX and MACD suggesting downward direction, the stock seems like it will fall to 1800-1850 levels
Would personally load up more at 1800 levels.
Price is below kumo clouds which indicates bearish trend, moreover price action is not making higher highs and with ADX and MACD suggesting downward direction, the stock seems like it will fall to 1800-1850 levels
Would personally load up more at 1800 levels.