If we look at 200/50 MAs and RSI, it is possible that a curved shape occurs with the SP and it can be that 50MA crosses the 200MA for a bullish set up in a few weeks.
Then it is possible testing the recent highs again.
Of course, this is just one indicator. Overall market sentiment and fundamentals should support this thesis.
I wouldn't invest just looking at the...
As we see, the price forms lower highs and higher lows.
In the past this was always a good sign that a breakout could be ahead. And since the EMA 200 is below the price, I think its a breakout to the top.
For speculative traders, enter your position now, if you are more conservative, wait for the price to break one of the trend lines and enter your trade in that...
After breaking through the resistance -> Long . After breaking through the support -> Short .
The stock currently shows signs of a downtrend. The downtrend will be boosted after breaking through the support.
These figures are approximate
