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KAR: Although the MACD is positive, the MACD Histogram is...

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pmd3nka

3,793 Posts.

22

04/02/20

10:52

Post #: 42732981
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Originally posted by Archieus: ↑

STTCOMP KAR TA LONG

Multiple indicators are in oversold territory, however I'm personally not 100% convinced as MACD is still positive and the MFI has yet to pierce through 20%.

Probably will drop further to lower support levels 94-100, churn then uptrend again. Speed of that uptrend depends on how soon FOMO kicks in.

Today this stock had over 3400 trades (majority bots) which to me signifies big fish are intentionally trying to push this down as much as possible before people realise and start buying back in. This is myfirst comp post so any other comments I'd appreciate. Thanks.

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KAR: Although the MACD is positive, the MACD Histogram is strongly negative. It is the RSI and Stochastics which suggest an oversold position.
All IMO.

Watching but not held.
3 Upvote

0 Great analysis

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