NB this is not TA. Merely my novice opinion of what I see.
It seems that
COH is busy printing an inverse H&S bottom formation. Both RSI and MACD has positive divergence and RSI shows quite a bit of room to the upside. Should price action break the resistance of the downward channel, fulfill the inverse H&S formation, and bounce off the current downward channel resistance as support, COH may do very well. I am watching closely. What are your thoughts ?
Should this pan out, a great entry point would be after COH price broke through the downward resistance, fulfills the Inverse H&S formation, makes a correction and bounces off the current downward channel (then as support) Then up would be the only option :-)
It seems that
COH is busy printing an inverse H&S bottom formation. Both RSI and MACD has positive divergence and RSI shows quite a bit of room to the upside. Should price action break the resistance of the downward channel, fulfill the inverse H&S formation, and bounce off the current downward channel resistance as support, COH may do very well. I am watching closely. What are your thoughts ? Should this pan out, a great entry point would be after COH price broke through the downward resistance, fulfills the Inverse H&S formation, makes a correction and bounces off the current downward channel (then as support) Then up would be the only option :-)
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.