MA - Horizontal Trend Channel [MIDTERM]

- MA is within an approximate horizontal trend channel in the medium long term, which indicates further development in the same direction.
- The stock has broken a resistance level in the short term and given a positive signal for the short-term trading range.
- The stock is approaching resistance at 380, which may give a negative reaction.
- However, a break upwards through 380 will be a positive signal.
RSI is above 70 after a good price increase the past weeks.
- However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards.
- The stock is overall assessed as technically neutral for the medium long term.

*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price

Chart Pattern:
- Double Top - DT
- Double Bottom - DB
- Head & Shoulder - HS
- Rectangle - REC
- inverse head & Shoulder - iHS

Verify it first and believe later.

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