Soybeans broke out of their one month consolidation to the upside. The RSI is above 50, all moving averages are sloping upward and price is still above 50 dma. Still bullish.
Wednesday, February 24, 2021
MJ Alternative Harvest ETF
MJ found support at the previous break out and bounced nicely, RSI is still above 50.
Tuesday, February 23, 2021
AMC Amc Entertainment Holdings Inc
AMC, may open cinemas in NY state soon, is this a light at the end of the tunnel?
LIT G-X Lithium ETF
LIT is now sitting on support of the 50 day moving average and $65 price support, the short term moving averages are crossing and the RSI already broke below 50. Not good signs.
TSLA Tesla Inc
It's starting to look ugly in the EV sector. TSLA broke support at $780 the other day, the moving averages are crossing downwards and the RSI broke below 50. Other stocks like LI, XPEV, and NIO have similar patterns. Is this the end or just a temporary pullback?
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