Medium Term Opportunity: The share appears like to lose support of a multi-month demand zone and potentially break down from a 3-month topping structure. The momentum indicators have shifted from 'neutral' to 'weak' while confirmation is a close below 0.8735. The price has also shifted below it's near-term moving average and is likely to be sold on rebounds. Time Stop: 16 May 2023
TRADING LEVELS:
Entry: 0.8757
Target: 0.8560
Stop-loss: 0.8862
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TRADING LEVELS:
Entry: 0.8757
Target: 0.8560
Stop-loss: 0.8862
This idea has also been published on our client platform. For more research insights, including trade ideas, get in touch today.
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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.