This appears to be the 3rd touch down on support.... and it appears there is no way to predict the course of price direction... or is there ?
Check the slope of the white average in the first stochastic variation which has been tuned to the rhythm of BNK..... it is up... the gold stochastic is rolling over.... and when it goes down and reverses..... this a very simple visual of a bounce.... as the stochastic is coming down into a rising average..... support will show itself when the stochastic reverses. This is now either a double bottom or a continuation... follow the yellow stochastic and predict a positive trade with a very tight mental stop and go with it if the average stays up and sell when it rolls over....
Tax selling should muffle the move but the proof will be in the results... The other indicator is not valid except that the trend is down....as per the MACD... which is rising and the Williams is oversold suggesting a potential case for support....
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