Moving lower for three straight days is viewed as a bearish sign. Considering data from situations where OLB declined for three days, in 140 of 154 cases, the price declined further within the following month. The odds of a continued downward trend are 90%. The Aroon Indicator for OLB entered a downward trend on October 26, 2022. This could indicate a strong downward move is ahead for the stock.
Leave a Reply