The stock has been a laggard this year, dropping as much as 19,81% YTD. A massive Head&Shoulders pattern combined with sound wave analysis picture suggests more selling pressure is coming. On the fundamental side, the Fed's intention to hike rates this year makes the dollar more appealing, which has already been hammering profits at U.S. multinationals.
Stop-loss is a daily close above 30.77.
Stop-loss is a daily close above 30.77.
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Telegram: t.me/NixTrading
Сигналы: NixService.net
Агент-аналитик: t.me/NixAgent
Сигналы: NixService.net
Агент-аналитик: t.me/NixAgent
Related publications
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.