Nov. 8 at 11:40 PM
$SATL
TA update from @Chartadamus on X today.
“Strong signs of RSI bullish divergence building on 4H + 8H timeframes indicating exhaustion of sellers. Most oversold on Daily timeframe it has been since October/November 2023 so there room to suggest we are nearing the tipping point.
Reminder that there is a Major Log Fib S&R at
$1.36 at worst and that this is a falling knife, but the 23H chart's bullish hammer (worth considering due to significant extended hours volume) is also a positive sign.”