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Analyst's Disclosure: This price action model was summarized using an A.I tool.
Q: What is the overall trend? A: Consolidating in an upward trend.
Q: What is the current 7-day trend? A: High bullish momentum, approaching overbought.
Q: What is the current 14-day trend? A: Very bullish.
Q: Is there any opportunity for a short-term buy/long position? A: Yes, if aggressive buying, wait for pullback to enter next.
Q: Is there any opportunity for a short-term sell/short position? A: Yes, if the 8-EMA is breached.
Q: What is the current position & trend for the short term (1 to 10 days)? A: Consolidating in an upward trend.
Q: What is the current position & trend for the medium term (2 to 4 weeks)? A: Aggressive buying has been in place; wait for pullback to enter next. If highs fail to hold, short back to the 8 or 21-EMA.
Q: What is the current position & trend for the long term (5 to 8 weeks)? A: Strong upside move, but momentum slowing with sellers becoming active.
Lester Davids
Analyst: Unum Capital
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