AMC Round 2 with Technical Analysis

٧ فبراير ٢٠٢١

ABCDE Correction with an extended wave E. Downtrend has been broken but buyers have not stepped in yet. Double Bottom at 6.59 with Higher Lows being made after breaking downtrend signals that Bulls are trying to take back control. The double bottom is also showing Bullish Divergence on our oscillators RSI, MACD & StockRSI+.