DCTH Delcath Daily Chart Oversold Falling Wedge Positive Divergence

Delcath daily chart on the positive divergence launch pad. Falling wedge and oversold conditions on the stochastics will help bounce it as well. Weekly chart is agreeable to forming a bottom now, but it will want to see price come back down after price receives the positive divergence pop. Potential resistance targets are shown by the black lines, 5.11, 5.20, 5.26, 5.38, 5.67. After one or more of these targets are hit, price will come back down and that will set things up with a nice bottom and the chart should be constructive from then on out. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your financial advisor before making any investment decision.