The counter is currently in a descending channel formation.
It hit the supportive trendline and bounced from the lows.
Also, it has broken a near-term resistive trendline.
Hence, we expect it to move to its long term resistive trendline for now.
It hit the supportive trendline and bounced from the lows.
Also, it has broken a near-term resistive trendline.
Hence, we expect it to move to its long term resistive trendline for now.
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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.