PENTA - Downtrend ?
Candle start to test the short term EMA on the weekly candles, may go further down if it breaks key level of support at 5.65 . If resistance at 5.65 broke.
It is retracing from overbought region and weekly MACD about to form a dead cross with driving histogram towards negative territory and hence price is likely to head south.
Further supports at :
Support 5.4
Support 4.9
Support 4.5
It is retracing from overbought region and weekly MACD about to form a dead cross with driving histogram towards negative territory and hence price is likely to head south.
Further supports at :
Support 5.4
Support 4.9
Support 4.5
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