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Cousin_Fat_Fat
Jan 23, 2022 1:15 AM

Genpact Short Short

Genpact LimitedNYSE

Description

NYSE:G

Price has fallen out of an ascending wedge & Fib resistance fans.

Already perfectly retested both the wedge and the fib fan.

9EMA < 20EMA, & soon the 20EMA < 50EMA.

I'll add a short to a potential/likely bounce in the upcoming week, as the RSI is already almost oversold.

Downside target is the 50% -61.8% retrace of the post-covid crash run.

Target = $32.5 - $37
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