DADA| Mixed signals

NASDAQ:DADA   Dada Nexus Limited
Hey all,

DADA is looking very hard to interpret at the moment.
On the positive side:
- Very evident lower support at 24.45$
- RSI is giving us bullish signals

On the negative:
- MAs are coming down hard to provide resistance
- Previous support at 29$ will probably provide Overhead supply

Not sure how to play this one, will be watching to swing the upside if we see a break above MAs soon.

Any thoughts?
Good luck to all!
(*This is not financial advice, for sake of discussion and illustrative purposes only*)

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.