The stock found support at its 200-day ema, a tad upside may coming next. With MACD currently at the negative territory since March and
oversold RSI, odds would favour that the current move is likely just a rebound.
The completion of the bearish head & shoulders pattern on 6th Sept is bearish for the stock
Recent rebound represents another opportunity for those who still holding it.
Both MACD and RSI have been hovering in their negative zones.
Coupled with the EMAs dead cross formation, heavy selling pressure is likely to set in soon
The stock recently fell below the uptrend, which is bearish. With price currently trading below all of its EMAs, prices could potentially breach below the neck line of the double tops pattern.
MACD has moved into negative territory
The stock broke below the 30-day and 50-day EMAs on 19 Oct. Prices formed a long block marubozu candle stick, which indicated that bears are in control now.
Both MACD and RSI have been declining.
The stock can sell now or on rebound to 26.12-27.34
The 5-wave up from 88.253 is likely may have ended at 96.984. Its deepest correction since the Oct17-Feb18 fall may be taking place now.
the Dollar may see a pullback to test the 200 day EMA or even 92.793-93.854 again next.
A strong push above 96.984 would mean that the Dollar is ready to rally up to retest the 100.00 psychological mark. Either way, I'm still...
The British Pound-Euro (GBPEUR) pair has been consolidating in its major triangle pattern since the referendum
on 23rd June 2016. A narrow majority (52%) of those voting supported leaving the European Union (EU) and the United
Kingdom is due to leave the EU on 29th March 2019 at 11 pm UK time. The recent failure to take out the downward
sloping trendline from the...