1) Price has pulled back into a validated price support level
2) This level also corresponds with the 100 day moving average
3) Price has pushed through lower bollinger
4) Volume during this pull back is almost the same as the 20 day average and thus it can be faded against
5) 100 MA remains above the 200 MA and can thus be viewed as remaining in a bullish configuration
As always DYOR
2) This level also corresponds with the 100 day moving average
3) Price has pushed through lower bollinger
4) Volume during this pull back is almost the same as the 20 day average and thus it can be faded against
5) 100 MA remains above the 200 MA and can thus be viewed as remaining in a bullish configuration
As always DYOR