HINDDORRC - Trend Reversal Idea
The last time our price action reached the 20's on the RSI, we got a nice bounce back over our 7ma that didn't stop till it bucked over the 20ma. Now, with some recent good volume, we are starting to see our price action hook into what may be a bullish trend reversal. The RSI and Macd seem to be confirming this change. When price action breaks over the 7ma, I'll feel more confident a bullish reversal has occurred.
The last time our price action reached the 20's on the RSI, we got a nice bounce back over our 7ma that didn't stop till it bucked over the 20ma. Now, with some recent good volume, we are starting to see our price action hook into what may be a bullish trend reversal. The RSI and Macd seem to be confirming this change. When price action breaks over the 7ma, I'll feel more confident a bullish reversal has occurred.