3 Months : symetrical triangle => bearish
1 Month : symetriclal triangle => bearish
5 Days : descending triangle => bearish
1 Day : descending triangle => bearish
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I'll wait until consolidation between 31.50 and 32$, then maybe open a long position.
There's a divergence on a 1 month period: volume is increasing at buy and RSI is neutral, so my chart analysis could be totally wrong.
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However, some news confirms my bearish sentiment:
7 january 2022 = UBS has reduced it's target to $37 instead of $68, recommendation = neutral instead of buy.
8 january 2022 = SimplyWallStreet: price target decreased to $49 (8 analysts).
SimplyWallStreet: insider trading volume = insiders have only sold shares (no buyings) in the past 3 months ($391k, 10k shares)
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Bear in mind COVID and Omicron as always.
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All that mixed up, I don't like what's happening here (bearish sentiment).
1 Month : symetriclal triangle => bearish
5 Days : descending triangle => bearish
1 Day : descending triangle => bearish
-----
I'll wait until consolidation between 31.50 and 32$, then maybe open a long position.
There's a divergence on a 1 month period: volume is increasing at buy and RSI is neutral, so my chart analysis could be totally wrong.
-----
However, some news confirms my bearish sentiment:
7 january 2022 = UBS has reduced it's target to $37 instead of $68, recommendation = neutral instead of buy.
8 january 2022 = SimplyWallStreet: price target decreased to $49 (8 analysts).
SimplyWallStreet: insider trading volume = insiders have only sold shares (no buyings) in the past 3 months ($391k, 10k shares)
-----
Bear in mind COVID and Omicron as always.
-----
All that mixed up, I don't like what's happening here (bearish sentiment).