Short
Falanx is bearish for all sorts of reasons
Today FLX closed below 5.39 resistance at 5.26
The 50 period daily EMA has also crossed below the 200 EMA
Since May 2017, the daily MACD and RSI have both been down-trending
Finally, the cup and handle pattern it formed since Jan 2016 looked to be bullish. Unfortunately it failed in May this year.
The 50 period daily EMA has also crossed below the 200 EMA
Since May 2017, the daily MACD and RSI have both been down-trending
Finally, the cup and handle pattern it formed since Jan 2016 looked to be bullish. Unfortunately it failed in May this year.
Note
NOTE: Support at 5.39 could be a factor in the next coming weeks.
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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.