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The penetration of 50 on the RSI should trigger further losses.
|Short Term View
(Rise, Limited Rise, Consolidation, Limited Decline, Decline)
|Change In Short Term View||Decline to Limited Decline|
|Medium Term View
(Bullish, Range, Bearish)
|Change In Medium Term View||None|
Our pivot point is at 1.5.
Our preference: as long as 1.5 is resistance look for 1.4.
Alternative scenario: above 1.5, look for 1.53 and 1.55.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI should trigger further losses. Moreover, the stock is trading under both its 20 and 50 day MA (respectively at 1.48 and 1.51).
Supports and resistances:
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