The counter has topped out in the near term.
After a short correction, it formed a descending triangle pattern and made a bearish breakout.
Hence, it indicates further correction is possible in the counter and so we expect it to be bearish in the near-term.
After a short correction, it formed a descending triangle pattern and made a bearish breakout.
Hence, it indicates further correction is possible in the counter and so we expect it to be bearish in the near-term.