HOUSE consolidating inside a triangle

It seems that HOUSE is consolidating inside a triangle with base around 8.0 per share. A backup support could also be seen at 38.2% Fibonacci Retracement level or 7.90 per share. Since we are at the base of the triangle we can make a test buy and speculate that it will break from the slope.

Ichimoku system is telling us that HOUSE is still in a bullish mood. The Kijun Sen line that was moving horizontally last week is not a threat anymore as it bent upward. A slight change from the stock’s momentum was seen today but is it enough to drive the bears away?

RSI or Relative Strength Index is at 49

Caveat!

One Response to HOUSE consolidating inside a triangle

  1. […] was last July 1 when we saw HOUSE consolidate inside a triangle but the bear’s power is greater than the bull’s. Price went down and is currently near […]

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