It seems that there is some fear in the markets. That is why many investors choose to be in a selling possition.
After seeing the RSI and stochastic it is quite clear that the price is touching "oversold" values. Needless to say that there is a kind of trend in the indicators showing that the price will decrease a little bit more.
In addition, considering the complex scenario of the current market, I think that one possible buy zone will be the first resistence line. But if we see the pattern of the stock it seems to decrease until 400 aproximately.
Thanks for reading guys!
After seeing the RSI and stochastic it is quite clear that the price is touching "oversold" values. Needless to say that there is a kind of trend in the indicators showing that the price will decrease a little bit more.
In addition, considering the complex scenario of the current market, I think that one possible buy zone will be the first resistence line. But if we see the pattern of the stock it seems to decrease until 400 aproximately.
Thanks for reading guys!