My short-term outlook before was sell at $ 81 and profit level $ 68. Few days ago I felt short-term we may see opportunity to buy in the $ 71-73 range for $ 78 profit taking. the stop-loss was at $ 65.
The 10-MA vs 50-MA is highly violated of course due to the sharp fall. The stop of $ 65 is still protected and I suggest to keep it this way for now. the previous buy $ 71-73 should be liquidated in the $ 69-70 area and to go short from there with a stop-loss above $ 74.
Profit level to be near $ 50.
The 10-MA vs 50-MA is highly violated of course due to the sharp fall. The stop of $ 65 is still protected and I suggest to keep it this way for now. the previous buy $ 71-73 should be liquidated in the $ 69-70 area and to go short from there with a stop-loss above $ 74.
Profit level to be near $ 50.
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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.