And while the MACD histogram, the indicator below the price chart, shows strong upward momentum, the stochastic oscillator has turned lower from above
And while the MACD histogram, the indicator below the price chart, shows strong upward momentum, the stochastic oscillator has turned lower from above-80 or overbought levels, suggesting scope for a bull breather or temporary price pullback. Chart analysts use the MACD to gauge trend strength and trend changes and stochastic to identify overbought and oversold levels.
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