Asian Indices delayed. US Indices updated twice daily at 7:30am and 7:30pm.
Alternative scenario: the downside breakout of 1.79 would call for 1.73 and 1.69.
|Short Term View
(Rise, Limited Rise, Consolidation, Limited Decline, Decline)
|Change In Short Term View||None|
|Medium Term View
(Bullish, Range, Bearish)
|Change In Medium Term View||None|
Our pivot point stands at 1.79.
Our preference: the upside prevails as long as 1.79 is support.
Alternative scenario: below 1.79, expect 1.73 and 1.69.
Comment: the RSI is above 70. It could mean either that the stock is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day MA (respectively at 1.8 and 1.75).
Supports and resistances:
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