$JSEMKR - Montauk Renewables: Bearish Engulfing Candle Is Gloomy
See link below for previous analysis.
Montauk is trading as forecasted. The bounce from 6120 to 10900 is for wave 4 but can still push higher. The bearish engulfing candle paints a gloomy picture though and could be the signal that the bear trend is resuming for wave 5.
I maintain my bearish stance even if price does push higher above 10900.
Montauk is trading as forecasted. The bounce from 6120 to 10900 is for wave 4 but can still push higher. The bearish engulfing candle paints a gloomy picture though and could be the signal that the bear trend is resuming for wave 5.
I maintain my bearish stance even if price does push higher above 10900.
