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AmerisourceBergen Corporation short trade

Short
NYSE:ABC   None
Let's take a look at AmerisourceBergen Corporation.

we see that we are currently meeting a lot of challenges. we have the two green line which serve as trend limit and backtest. The Red Line was also used in support as a support which now acts as resistance. further we have the 200 EMA which additionally serves as a dump. In my opinion, this is not very strong in this case as the backtest returns from a sideways market. In a sideways market, the 200 EMA unfortunately has no meaning but now serves as additional confirmation.
All these deficiencies are confirmed by the 61er fibonacci line which the chart unsuccessfully attacked.

Looking at the RSI, one sees that the brand was perceived by the market participants to be oversold by 67.

I position myself short and assume that we at least return to the 38 fibonacci. The 23er fibo is my goal.

Save your position

enjoy the way

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