Lager trend is still down despite the strong rally during the 1st half of Febuary that brought it all the way up to retest the neckline & 50 day moving average.
Near Term suppoat @ 152 coming up but likely to fail.
Negate bearish views if it manages to go back above the 50day moving average in the near term.
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is NOT a trade advice. Please your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you.
Near Term suppoat @ 152 coming up but likely to fail.
Negate bearish views if it manages to go back above the 50day moving average in the near term.
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is NOT a trade advice. Please your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you.