Alternative scenario: the upside breakout of 0.712 would call for 0.734 and 0.747.
| Short Term View (Rise, Limited Rise, Consolidation, Limited Decline, Decline) |
Decline |
|---|---|
| Change In Short Term View | None |
| Medium Term View (Bullish, Range, Bearish) |
Bearish |
| Change In Medium Term View | None |
Our pivot point is at 0.712.
Our preference: the downside prevails as long as 0.712 is resistance.
Alternative scenario: the upside breakout of 0.712 would call for 0.734 and 0.747.
Comment: the RSI is trading below 30. This could mean that either the stock is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day MA (respectively at 0.74 and 0.75).
Supports and resistances:
0.734 *
0.712 **
0.703
0.695 last
0.654
0.642 **
0.629 *
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