I do not see a clear cut handle yet but I do see a nub of a handle. I look for a horizontal range or an area of support of at least 3 or 4 candles, which there is 3 candles but I prefer a longer area of consolidation for a true handle. You may see an area that I do not see. We all have an opinion, or 2 (o:
BEWARE. Price is outside the top bollinger band set on an 80 dma verses a 20. This is bullish but price likes being inside the bands as a rule. This demonstrates rather extreme buying pressure that is usually not sustainable for long periods of time. Same goes for price when it is beneath the bottom band, it demonstrates extreme selling pressure.
Volume has been high so it matches the run up, volume slacking off today
No recommendation. Negative volume is high. Just kinda looks like a bit of a deeper pull back is coming because price is still over the top band. Remains to be seen. Price hit 21.15 today but did not break the long term high which is long entry level. Hovering at overbought levels with RSI set on 80 verses 70. Does not look as if it actually broke the 80 mark though.
BEWARE. Price is outside the top bollinger band set on an 80 dma verses a 20. This is bullish but price likes being inside the bands as a rule. This demonstrates rather extreme buying pressure that is usually not sustainable for long periods of time. Same goes for price when it is beneath the bottom band, it demonstrates extreme selling pressure.
Volume has been high so it matches the run up, volume slacking off today
No recommendation. Negative volume is high. Just kinda looks like a bit of a deeper pull back is coming because price is still over the top band. Remains to be seen. Price hit 21.15 today but did not break the long term high which is long entry level. Hovering at overbought levels with RSI set on 80 verses 70. Does not look as if it actually broke the 80 mark though.