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Vivocom achieved upside Fibonacci target 4.236, sharply hit the level before plummeted today. Earlier we could see the MACD histogram has signaled on losing bullish momentum. The upside momentum failed to break AT in 2016. The strong bearish candle today warns more bearish move to come. Our view on weekly timeframe is still bearish .
Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Vivocom achieved upside Fibonacci target 4.236, sharply hit the level before plummeted today. Earlier we could see the MACD histogram has signaled on losing bullish momentum. The upside momentum failed to break AT in 2016. The strong bearish candle today warns more bearish move to come. Our view on weekly timeframe is still bearish .
Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.