I wonder if it would follow this! What are your thoughts?
NASDAQ:RWLK
Since the intense February has passed, I am curious to know if it would bounce back. It is showing a mild uptrend for the past couple of days. The RSI and MACD show a mild buy signal, and even though the volatility is low, it is still indicating an uptrend.
Before the previous uptrend (28 Jan to 16 Feb), there was a -28% drop in the price for half a cycle followed by a +144% uptrend for 2 cycles. Now it seems like it is bouncing back. The previous downtrend took nearly one cycle, so I wonder if it would follow the same ratio.
I am curious to know what you think?
Since the intense February has passed, I am curious to know if it would bounce back. It is showing a mild uptrend for the past couple of days. The RSI and MACD show a mild buy signal, and even though the volatility is low, it is still indicating an uptrend.
Before the previous uptrend (28 Jan to 16 Feb), there was a -28% drop in the price for half a cycle followed by a +144% uptrend for 2 cycles. Now it seems like it is bouncing back. The previous downtrend took nearly one cycle, so I wonder if it would follow the same ratio.
I am curious to know what you think?
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