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themehdi3

Price reached a strong resistance level (+5 years)

Short
ATTIJARIWAFA BANK (CSEMA_DLY:ATW)  
themehdi3 Updated   
CSEMA_DLY:ATW   ATTIJARIWAFA BANK
Chart Patterns Trend Analysis Support and Resistance
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chartpattern trendanalysis supportandresistance
Looking at the chart historically the price kept respecting the resistance level highlighted in red for over 5 years, with that it is safe to assume a short position is a logical move.
Comment:
Update: The price moved as expected, falling from 504.5 to 476.9. This confirms the resistance level we spotted is solid. To lock in some of the profit already made, I suggest lowering the stop loss.
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