Options Wonderland

[dalcindo]

Re: $GASO - Technical Conundrum:

Of technical interest, here comes this conundrum:

1 - Megaphone top (i.e.: BEARISH)?

or

2 - Continuation ascending triangle (i.e.: BULLISH)?

Line violation (support of resistance0 will likely provide a definitive answer.

Technically speaking:
1 - However, RSI has been under sustained bearish pressure for now over TWO years; recently developed a negative divergence with price while remaining under the 70-level
2 - MACD continues to hover over the "positive zero-line";
3 - But, ADX fails to produce any trend strength signal.

OVERALL - Chart favors bearish down-turn per RSI pattern alone (too weak to posit any definitive position):


$GASO - 60-Mo., Weekly Chart:


- Dalcindo