Alternative scenario: the upside breakout of 0.403 would call for 0.42 and 0.43.
| 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 |
0.403 is our pivot point.
Our preference: the downside prevails as long as 0.403 is resistance.
Alternative scenario: the upside breakout of 0.403 would call for 0.42 and 0.43.
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 below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day MA (respectively at 0.42 and 0.46).
Supports and resistances:
0.42 *
0.403 **
0.397
0.39 last
0.37
0.36 **
0.35 *
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