the downtrend should resume
Candlestick - the big red candle is a bear candle and an early indication of a change in trend,
Fib- the stock cannot rally beyond 38.2% of the bear candle is very bearish.
RSI- the oscillator is forming a double top below the bull support of 40. This is very bearish.
MA- the stock has halted at the longest MA in red. But the rallies post that doesn't show strength, Hence it is likely to break.
Conclusion- The bear candle has huge volume an early indication that the fall is not done. Exit this counter, it is still on the highs.
Fib- the stock cannot rally beyond 38.2% of the bear candle is very bearish.
RSI- the oscillator is forming a double top below the bull support of 40. This is very bearish.
MA- the stock has halted at the longest MA in red. But the rallies post that doesn't show strength, Hence it is likely to break.
Conclusion- The bear candle has huge volume an early indication that the fall is not done. Exit this counter, it is still on the highs.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.