There is a bearish curling on the MACD on the weekly chart creating a death cross, the weekly chart is also overextended. A potential play to the downside is at the first support at trend line around $260 which is also so happened to be at the 38% Fib Retrace and previous major support.
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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.