Our preference: the downside prevails as long as 1.89 is resistance.
| Short Term View (Rise, Limited Rise, Consolidation, Limited Decline, Decline) |
Decline |
|---|---|
| Change In Short Term View | None |
| Medium Term View (Bullish, Range, Bearish) |
Range |
| Change In Medium Term View | Bullish to Range |
Our pivot point is at 1.89.
Our preference: the downside prevails as long as 1.89 is resistance.
Alternative scenario: above 1.89, look for 1.97 and 2.02.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day MA (respectively at 1.86 and 1.82).
Supports and resistances:
1.97 *
1.89 **
1.85
1.82 last
1.72
1.67 **
1.62 *
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