HolleyIG

Technicial analysis Sell $VIV.US

Short
NYSE:VIV   Telefonica Brasil S.A
Trade idea - Technicial analysis:
Sell $VIV.US

Chart: Heikin Ashi 1D
Bulls have started to show weakness. Muliple long wicks forming doji's at the top of the last run.

Chart: Candlestick 1D
MACD histogram crossed over and now posting negitive trend.
RSI falling from overbrought

Target:
10. 40 Confluence of 50EMA and 0.328 fibonacci level. Approx 20%


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