This brand was quite fashionable about 10 or more years ago, I think. Now, it is still around though I do not see them much in many malls sadly.
Looks like it is forming a nice consolidation at the base between 1.07 to 1.41 since May this year.
Now with the tech stock tumbling down quite hard, I think there might be a sector rotation once the vaccine is developed and used with good results. The light at the end of the tunnel is shining brighter each day as we witnessed lesser death cases, lesser infection cases....
Those who wanted more assurance can wait till the trend line is broken out at around 1.60. You never know it might retrace once it reaches the bearish trend line.......
Looks like it is forming a nice consolidation at the base between 1.07 to 1.41 since May this year.
Now with the tech stock tumbling down quite hard, I think there might be a sector rotation once the vaccine is developed and used with good results. The light at the end of the tunnel is shining brighter each day as we witnessed lesser death cases, lesser infection cases....
Those who wanted more assurance can wait till the trend line is broken out at around 1.60. You never know it might retrace once it reaches the bearish trend line.......
Comment:
watch out now, it is reaching the top of the box, the resistance line again. Will it break out from here or retrace back to the support ?