Technical Analysis:
Trendline has been violated showing a weakness signal (it might be due to the negative news around this stock).
The idea is to hold before going long again. Prices might keep going down up to 180 USD forming a new support level before going up.
Fundamental Analysis:
Goldman Sachs agrees to $3.9 billion deal with Malaysia to settle criminal probe into 1MDB scandal.
Technical Analysis and Fundamental analysis might suggest to hold for now before going long.
The idea is to invest in the trend direction, but because the trendline has been violated and the fundamental analysis might impact negatively to the stock, there might be a possibility that price can retrace for a while before going long again.
Trendline has been violated showing a weakness signal (it might be due to the negative news around this stock).
The idea is to hold before going long again. Prices might keep going down up to 180 USD forming a new support level before going up.
Fundamental Analysis:
Goldman Sachs agrees to $3.9 billion deal with Malaysia to settle criminal probe into 1MDB scandal.
Technical Analysis and Fundamental analysis might suggest to hold for now before going long.
The idea is to invest in the trend direction, but because the trendline has been violated and the fundamental analysis might impact negatively to the stock, there might be a possibility that price can retrace for a while before going long again.