Energy's volume confirming trend
Technical Short-term Analysis
We have a new potential uptrend line drawn in the chart.
RSI is showing some divergence as it has reached the level from the beginning of February. However; I would take this divergence with a grain of salt, as it did reach Overbought levels and did not break the 40 level on the RSI (typical bullish behavior).
OBV has a clear uptrend, supporting the uptrend in price.
Trade Setup
Would sell a partial position if we break the ~new potential uptrend~.
Would sell the rest if we break the 50sma.
Hope this helps!
We have a new potential uptrend line drawn in the chart.
RSI is showing some divergence as it has reached the level from the beginning of February. However; I would take this divergence with a grain of salt, as it did reach Overbought levels and did not break the 40 level on the RSI (typical bullish behavior).
OBV has a clear uptrend, supporting the uptrend in price.
Trade Setup
Would sell a partial position if we break the ~new potential uptrend~.
Would sell the rest if we break the 50sma.
Hope this helps!
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.