NINETY ONE LIMITEDShort
NY1: some correction in the price range?
A price action below 4040 supports a bearish trend direction.
Increase short exposure for a break below 4010.
The target price is set at 3840.
The stop-loss price is set at 4230.
Testing its 200-day simple moving average. Crossing below it might set the long-term trend as bearish.
However, the price action is creating a range (see the red rectangle) and might create a support and resistance range.
Increase short exposure for a break below 4010.
The target price is set at 3840.
The stop-loss price is set at 4230.
Testing its 200-day simple moving average. Crossing below it might set the long-term trend as bearish.
However, the price action is creating a range (see the red rectangle) and might create a support and resistance range.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.