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Re: livendi post# 16404

Tuesday, 01/19/2021 5:39:39 PM

Tuesday, January 19, 2021 5:39:39 PM

Post# of 18784
It still has Not breached latest resistance of .74. Until it does & would break out beyond that, this thing is correctly stated as near term topped out.
In any event, at this point it is reasonable by anyone to assert this is very overbought in the short term without sudden news to prop it up more. To count on it to propel yet further without a news catalyst is excessively risky speculation in the short term.
A pullback in the short term at this stage is most likely, just being objective & realistic as a short term trader. Sure, there is a small chance it flies higher for the wild gamblers out there, hoping it will. But odds are probable in the short term it's topped out. Just 'Hoping' it'll just continue is a poor substitute for a good disciplined trading strategy.

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