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Alternative scenario: the upside breakout of 0.349 would call for 0.366 and 0.377.
|Short Term View
(Rise, Limited Rise, Consolidation, Limited Decline, Decline)
|Change In Short Term View||Limited Rise to Decline|
|Medium Term View
(Bullish, Range, Bearish)
|Change In Medium Term View||None|
0.349 is our pivot point.
Our preference: under pressure below 0.349.
Alternative scenario: above 0.349, look for 0.366 and 0.377.
Comment: the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is trading under both its 20 and 50 day MA (respectively at 0.34 and 0.33).
Supports and resistances:
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