By Peter Stoneham — May 24 - 03:05 AM
Daily chart showing mixed signals but bulls just have the edge
The 10-DMA has crossed above the 200DMA, a bullish signal
Fourteen day momentum readings are confirming recent gains
Gain consolidation just taking some impetus out of the up-move
Tues 138.91 high (EBS price) initial resistance
Bearish risk provided by a 133.77-94 Jun. 2 cloud twist
Twists can appear to attract price
We stand aside to see what other signals emerge before entering a position
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Source:
Refinitiv IFR Research/Market Commentary