Encouraging- Dow down overnight, ASX in the red, Health sector...

Encouraging- Dow down overnight, ASX in the red, Health sector down today- yet still managed a strong day! And on an average volume day there was 1.4 million of the 5.4 total traded in the closing auction- that with lots of cross trades looks a lot like shorts covering. Looks to me like maybe supply is drying up.

I'm no chart expert (still learning), but my Stochastic RSI and CCI oscillators are already in oversold territory and other momentum indicators all starting to head up. Hopefully today's bullish outside candle is strong and scary enough to encourage some more short covering and buying tomorrow and this week. Won't take much volume to push the price up further (if there's not much tax loss selling left to sell in to it). Looks like a few interesting days ahead.