The 1.43-4360 level has provided resistance going back to the first of December 2016.
I am looking at the 2 and 4 hour time frames for favorable price action.
If the 1.43 level holds the upside, I am looking at 1.41 as the first level of support.
We are currently in a long sideways phase that has been exited only briefly in a little over a year. Within the price range of approx. $53.00 – $63.00, the value is oscillating in sometimes larger, sometimes smaller movements. Since the beginning of December, a clearer downward trend has now formed. The value of the stock is showing rising volume in the downward...
After breaking to new lows, price has retraced to test previous support
Another test of the recent swing high around 119.800 alongside the potential bearish divergence could offer a short opportunity and chance to join the trend.
Likely targets are the recent lows at 118.600, although if new lows are set 116.00 could be the next turning point.
Note of caution:...
