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" It is what it is Department" no change from my last week assessments. nothing really change internally, this 8 cylinders economy still running on one working cylinder, the other 7 is barely move. Key focus
MACD Histogram still under zero line I don't BUY it. this is from last week
lets see what we have now, Not much, sideways to down will be my expectation.
Over all weak momentum, Doji on Friday doesn't make it bullish.
Bullish percentage are not looking like they will fly high. LL all week long.
Short term trend is up, bulls regain a price above 5 DMA, on this time frame dip should be bought, for now it is very overbought, I am expecting a pull back during Monday trade then will see if it can still hold on over 5 DMA then I might buy in, sideways consolidation is clear, indecision in the market. Trade well, Peace!
My comments are for entertainment/educational purpose only. NOT a trade advice.