They’re acting strong and that bodes well for them into 2019.
It’s reached a crucial near-term level on the charts where upside momentum could accelerate from.
Last week it bounced off an area of support that active investors and traders can now use for a trade.
It’s deeply oversold and ripe for a bounce.
I think the reward to risk is increasingly favorable for a bounce.
It’ll likely have a hard time moving higher. Active investors and traders could now look to short it.
In short, it’s nearing better technical support that could bode well for a year-end bounce sooner rather than later.
The odds increasingly favor a break higher to new year to date highs.
It’s offering a good reward to risk for buyers.
The recent sharp selling spree is making it look increasingly oversold and it may soon be ripe for an oversold bounce.