Sentences with phrase «recent failed breakout»
Mike Cintolo discusses the market's recent failed breakout attempt and the abnormal selling he's seen in growth stocks.
https://cabotwealth.com/ Not exact matches
As you can see, $ USO has failed to hold above its 10 - day MA over the past week, which is a sign that bullish momentum from the recent breakout is fading.
If that does not happen, and $ QQQ manages to breakout above its recent highs instead (the high of its right shoulder), the pattern will become a failed head and shoulders.
On the other hand, if Bitcoin fails to breakout of the overhead resistance, it will retrace the recent bounce from the lows and is likely to fall to $ 3,500 levels.