/biz/ - Business & Finance

>>14004579
>>14004683

Here, take a look at the Salad & Pickles weekly chart with fib lines added. I'm not a big fan of fibby lines but they can be helpful to figure out where supports may form after vigorous selling pressure over a relatively short period of time. Chart here shows bulls entering the field in numbers just a bit shy of the 38.2% retrace line. Daily RSI on May 31 fell to a low of 32.1, close but not touching officially oversold territory.

Anyway. TA hokum etc etc, this is a technical bounce. It isn't indication of a short term bullish reversal unless the bulls manage to bust through the resistances formed on the way down from 2958 high. I expect the important decisive trading to occur at around 2880-2890 range.