Overbought, heavy resistance around the 50 buck area
Expecting slowdown of recent rally after breaking out of the downtrend channel two weeks ago.
RSI, Stochastik are overbought and Bollinger Bands indicate a slowdown in the recent move.
Also, middle to end of August is a seasonal which was confirmed now.
Options to work IMHO: sell call spreads
RSI, Stochastik are overbought and Bollinger Bands indicate a slowdown in the recent move.
Also, middle to end of August is a seasonal which was confirmed now.
Options to work IMHO: sell call spreads
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.