A slight drop provided a opportunity

After reporting earnings and being down about 2% post market 01/25. The price had recently hit a low on the RSI indicator at a price equivalent to 129.52 which was hit around 17:15 hrs. Viewed easier on the smaller timeframes on the 15min. observing the weekly timeframe there is a possible break as the resistance of 120 was easily broken compared to Jan 30/23. When the opportunity came buyers stepped in and deemed the price cheap and this uptrend may very well continue.

ความคิดเห็น:

i meant to put the four hourtime frame beside it, as i look closer the price action would first need to break and violate 134 to further proceed, that is if buying pressure backs the current valuation.