RE: Sp target 128 from 6/1/25 RSI pivot16 May 2025 11:09
Sp target 128 from 6/1/25 RSI(relative strength index) pivot. Bullish positive divergence between 6/1/25 RSI pivot low and subsequent RSI April 2025 low.
The sector has formed a bullish sp double bottom chart pattern with the sp lows in 6/1/25 and 13/4/25, spanning 12 weeks. However TW. printed a lower sp low in 13/4/25, which is largely overcome with the positive RSI divergence between the two described major sp lows.
Enhancing the bullish scenario is the Parabolic SAR, has printed bullish buy signals on three time frame charts, the quarterly, weekly and daily charts. DYOR.