After a prolonged bearish sell down, this counter might be overdue for a rebound, which we might see this week.
There is strong support at the $60 level, and prices have deviated very far from the 20-EMA, which is a sign of it being oversold.
The overall trend is still bearish, and if it does rebound, I would expect the sellers to step back in at around $64 to resume the downtrend.
There is strong support at the $60 level, and prices have deviated very far from the 20-EMA, which is a sign of it being oversold.
The overall trend is still bearish, and if it does rebound, I would expect the sellers to step back in at around $64 to resume the downtrend.
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Free video tutorials: wp.me/P1riws-7uH
Free trading signals: wp.me/P1riws-7E8
FB group: bit.ly/2zfCGXy
Telegram: t.me/synapsetrading
Youtube: bit.ly/2AaUK4C
Twitter: bit.ly/2DLoV6X
Free trading signals: wp.me/P1riws-7E8
FB group: bit.ly/2zfCGXy
Telegram: t.me/synapsetrading
Youtube: bit.ly/2AaUK4C
Twitter: bit.ly/2DLoV6X
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.