Telah dikemas kini
FTCH| This one is gonna need some help
Hi all,
Technically, Farfetch is really not looking good. It has been stuck in a step-down channel, with not much downside support.
I think it will really need some good news to push it above the MAs, which have provided resistance over the past couple months.
Really stuck in this one, but I like the long term prospects, so for all longs, I would look to buy a bunch of shares if this trades down to 39$.
Anyone seeing this differently? I guess it could be interpreted as a prolonged bull flag after that huge run up, but it seems unlikely now a couple months in.
Or it could be a big ABC corrective wave? Who knows.
Good luck to all!
(*This is not financial advice, for sake of discussion and illustrative purposes only*)
Technically, Farfetch is really not looking good. It has been stuck in a step-down channel, with not much downside support.
I think it will really need some good news to push it above the MAs, which have provided resistance over the past couple months.
Really stuck in this one, but I like the long term prospects, so for all longs, I would look to buy a bunch of shares if this trades down to 39$.
Anyone seeing this differently? I guess it could be interpreted as a prolonged bull flag after that huge run up, but it seems unlikely now a couple months in.
Or it could be a big ABC corrective wave? Who knows.
Good luck to all!
(*This is not financial advice, for sake of discussion and illustrative purposes only*)
Nota
Looks like it's starting to break down
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.