Share prices had a short burst to the upside from 27.00 to the 30.00 mark but stalled and pushed back down after failing to break above Its 500 EMA and the price curve labelled in blue.
Share prices also fell out of the wedge price pattern which is a strong indication of prices could be heading down to the bottom of the price curve marked in blue and also a support trend line in red. These two support points are around 29.18 and 28.83.
Share prices will need to break and hold above 30.00 before we could confirm a change of price direction to the upside
Share prices also fell out of the wedge price pattern which is a strong indication of prices could be heading down to the bottom of the price curve marked in blue and also a support trend line in red. These two support points are around 29.18 and 28.83.
Share prices will need to break and hold above 30.00 before we could confirm a change of price direction to the upside
