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o It is trading below the 200 moving average, crossed the 50 moving average towards the 20 moving average.
o oscillator does not indicate over-sales
o strips support the proposed direction and so is indicator
o Trading cycles are not high at the moment, so this should be taken into account.
o Short Float 23.84%
First scenario: under 24.5, the possibility of entering further declines.
preferably with the market’s support. in addition, level 24 seems to be a challenge for it.
Second scenario: Over 26 we will consider a long play into the void.
All of the above, of course, at your own discretion, your trading rules and your preferred trading strategies.
This is not a recommendation to buy / sell.