OBV is still within a range compared to price indicating further downside may be in store in the short term. However, looking at the broader picture, I believe a breakout upward is still likely by May as OBV and MACD are setting higher lows.
With that said, if OBV breaks the range resistance and the downward triangle to the upside, this would be a good long entry point in my opinion.
This is for educational purposes only. I only pretend to know what I'm talking about as this is a complex subject.
With that said, if OBV breaks the range resistance and the downward triangle to the upside, this would be a good long entry point in my opinion.
This is for educational purposes only. I only pretend to know what I'm talking about as this is a complex subject.