Selling Snap into swing highs.Snap - Intraday - We look to Sell at 12.71 (stop at 13.91)
Price action continues to trade around the all-time lows.
Price action continued to range between key support & resistance (10.00 - 12.80) and we expect this to continue.
The bias is to break to the downside.
Daily signals are bearish.
We look for a temporary move higher.
The primary trend remains bearish.
This stock has seen poor sales growth.
Our profit targets will be 10.04 and 9.04
Resistance: 10.80 / 11.30 / 12.00
Support: 10.00 / 9.50 / 9.00
Disclaimer – Saxo Bank Group.
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