Analyzing the trend strength levels on the weekly... Complicated picture right now. The downtrend is still in place, but it's got a very strong divergence.
I don't think it's a good idea to short GU. The best risk/reward is in long trades if this daily pattern breaks downward and retraces most or all of the way back down.
At the rate this divergence is proceeding, we could transition to an uptrend in around a month.
I don't think it's a good idea to short GU. The best risk/reward is in long trades if this daily pattern breaks downward and retraces most or all of the way back down.
At the rate this divergence is proceeding, we could transition to an uptrend in around a month.
"Don't fear a bubble until it starts to burst."