The SARisatechnicalindicatorplotted on a pricechart that will occasionallyintersect withprice due to a reversalorloss of momentum in the security in question.
That is a widely watched momentumindicator and the tool has been climbing higher from oversold levels for several weeks, and should continue to support upside momentum.
Swenlin, who is known for careful and detailed analysis, sees a significant positive divergence on his momentumindicator between this recent July low and the June low.