The 16.44 resistance has broken. With low perceived risk on the market, the bearish trend should continue and 15.7 could be a first target (close to 5% profit).
The 16.44 resistance has broken. With low perceived risk on the market, the bearish trend should continue and 15.7 could be a first target (close to 5% profit).
I think the author fails to note that RSI or Williams can stay over sold a long time. It is the come back to not oversold that you need to look at(on the chart the -60/-80 range). Technical is bearish... not bullish at all.