Pullback Imminent: Opportunity to Short
Updated
MACD, Stochastic and RSI all reversing and bouncing off the top of the bollinger band. Opportunity to short on the pullback. Price expected to drop to $132 where the 50day average is and if it breaks that support, possible drop to $120-122 region on the trendline support.
Trade closed: target reached
closed on 7th June at 122.5Disclaimer
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