Price previously dropped and retested the support at $92.85 as well as the support line where it bounced from. MACD is showing bearish weakness, RSI is sold and EMAs are neutral. Price should close above $106 in order to expect some midterm bullish movements towards the resistance area around $118.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.