Rising wedge on weekly channel
fell below 100ma friday
Macd bearish
double top at 293
Selling volume looks like 3d redcarpet
Checked on webull and the big institutions are dumping.
1st target is channel bottom 280$
2nd target is 262 support (if channel bottom can't hold )
It's been down 7 straight days so I wouldn't be surprised to see a green day but that just a dead cat bounce
fell below 100ma friday
Macd bearish
double top at 293
Selling volume looks like 3d redcarpet
Checked on webull and the big institutions are dumping.
1st target is channel bottom 280$
2nd target is 262 support (if channel bottom can't hold )
It's been down 7 straight days so I wouldn't be surprised to see a green day but that just a dead cat bounce
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.