We have managed to move little higher from the lows $ 95. The strategy should be changed, and take profit current $ 101-102 and start a short position is the way the pattern starts shaping up. The SMA strength indicator has a broken negative 9-MA period, and this suggest furthe consolidation and since we are on the lower end of it, it is likely we may see lower again.
Fundamentals have not changed, and for that reason I felt we buy earlier @ $ 95.
The regression channel has been violated, and we are below the cloud and resistance $ 111. (rounded).
For now SELL @ 102-103 and add further @ 110 and place stop-loss above $ 115. we take profit at $ 83-85.
Fundamentals have not changed, and for that reason I felt we buy earlier @ $ 95.
The regression channel has been violated, and we are below the cloud and resistance $ 111. (rounded).
For now SELL @ 102-103 and add further @ 110 and place stop-loss above $ 115. we take profit at $ 83-85.
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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.