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Dear followers,
Cut anything on credit on Monday. Below are reasons ;
1.) RSI - 85.7 (Overbought)
2.) Continuous Higher highs seen. Reversal candlestick is guaranteed.
3.) Bollinger band (20,2) - Trend line above band for 6/7 days. Needs to come inside band. 2 day drop possible
4.) Stochastic Oscillator - 96.6 - Highly overbought
5.) ROC - 16.8 Peak of an uptrend (Can go 2 more days max.)
Do Only Day Trading - next week
Maharaja
Cut anything on credit on Monday. Below are reasons ;
1.) RSI - 85.7 (Overbought)
2.) Continuous Higher highs seen. Reversal candlestick is guaranteed.
3.) Bollinger band (20,2) - Trend line above band for 6/7 days. Needs to come inside band. 2 day drop possible
4.) Stochastic Oscillator - 96.6 - Highly overbought
5.) ROC - 16.8 Peak of an uptrend (Can go 2 more days max.)
Do Only Day Trading - next week
Maharaja