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The share price has declined, and in fact we are negative on MA-10 vs. MA-30. Further, we are inside the open cloud, and below a trend line of the cloud at $ 657. Even though, we may be slightly oversold I feel that we should SELL into rally below $ 650 when seen. The stop should be placed above $ 675 to be on safe side, and the profit objective somewhere $ 590
The share price has declined, and in fact we are negative on MA-10 vs. MA-30. Further, we are inside the open cloud, and below a trend line of the cloud at $ 657. Even though, we may be slightly oversold I feel that we should SELL into rally below $ 650 when seen. The stop should be placed above $ 675 to be on safe side, and the profit objective somewhere $ 590
Note
Broken below cloud which suggest we may see $ 580.
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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.