Strong weekly setup, has had some strong outperformance compared to the SPY since August. Looking to see some longer term continuation of the strong momentum at hand
Historically, the price of the Solarwinds Corporation has been very steady, moving in its normal range between 16.76 and 19.40. Given no overbought signals, nor any divergence with the MACD, I expect the price to be pushed a little bit higher by the bulls, at least to 19.40, if not up to 20.41. But it will not break these resistance levels for long. When the bears...
Based on these trend lines, and retesting of previous levels, I have bearish sentiment for this market.
So far the latest decline was probably a retest to the broken resistance level, which is a usual phenomena in price action, as price retests broken resistance levels, which turn to support in most cases( I say in most cases cause there is always a percentage of failure) Accordingly. the price is likely to remain supported in the near term target the top of the...
SWI - Oh my! What a GORGEOUS "Real Life" Pennant with decreasing volume. RSI is a little high. If we have a few more inside day candles so RSI can reset, that will be BEAUTIFUL!...... jonny@reallifetrading.com In Real Life, one of the greatest ways to create value in the world is by helping others EnRich their lives...jg
Im playing upside with report