The price move occurred on volume that was down 15.38% from the day prior, but up 19.86% from the same day the week before.
This move is a reversal from the hour prior, which saw price move up.
The price move occurred on volume that was down 15.93% from the day prior, but up 19.07% from the same day the week before.
This is the 3rd hour in a row t has seen its price head up.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
The big names now will be mid in 18 months!
Price action traders may also wish to note that we see a pin bar candlestick pattern on t.
It’s been a feast for bears operating on an hourly timeframe, as t has now gone down 4 of the past 5 hours.
Forward p/e is 8, trading at 1.15 times book value.