Stocks Ranging, Breakout Soon??

26 พ.ค. 2021

Stocks have met resistance at 4214, another one of our levels. They have since leveled off and ranged a bit, finding support at 4188. It does look like we are forming a bull flag at the moment, but it could go either way. The Kovach OBV is still bullish, but has sloped off drastically. We will need another jump start in momentum to attempt higher levels like 4228 or 4245. A retracement could easily take us back to 4144, or even 4122, so watch for momentum at the open.