The share has had 4-bottoms so far on weekly chart.
We are within a large triangle formation, and likely in this case, feel this may be a major move south medium-term.
The short-term picture is slightly positive and support $ 48.00 s the key to a move back $ 54-55 resistance area. the stochastic is positive.
I had a look at Ichimoku cloud, we are trading below a dark cloud.
Short-term strategy is buy $ 50-51 for small move upwards, but prefer medium-term short.
For medium-term players sell in rally $ 54-55 and stop-loss $ 63. I expect medium term low $ 40-38.
We are within a large triangle formation, and likely in this case, feel this may be a major move south medium-term.
The short-term picture is slightly positive and support $ 48.00 s the key to a move back $ 54-55 resistance area. the stochastic is positive.
I had a look at Ichimoku cloud, we are trading below a dark cloud.
Short-term strategy is buy $ 50-51 for small move upwards, but prefer medium-term short.
For medium-term players sell in rally $ 54-55 and stop-loss $ 63. I expect medium term low $ 40-38.
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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.