The counter went off the cliff after a bull run.
Though the counter has covered its lost grounds, the move is not as convincing as the previous bull rally.
It looks like a bearish expanding flag and the RSI indicator is roofed by the overbought zone.
Also, the counter has formed a head and shoulder pattern with right shoulder still under construction.
Though the counter has covered its lost grounds, the move is not as convincing as the previous bull rally.
It looks like a bearish expanding flag and the RSI indicator is roofed by the overbought zone.
Also, the counter has formed a head and shoulder pattern with right shoulder still under construction.
Trade closed: target reached
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.