2018-06-23 - Proximus - When will the bearish trend end?
Proximus (PROX) is still downtrending.
A volume peak occurred on the June 13, when turbo and sprinters were closed because the stop-losses were reached.
Basically, I expect to see some short-time but weak bullish price action.
BEARISH
We have to assume the downtrend is still in effect as long as there is no clear reversal signal.
Will Trump's trade war drive price even lower?
BULLISH
The price has entered a trading zone (yellow on the chart), which lasted from October 2013 to May 2014.
I expect this zone to act as support and I hope to see buyers stepping in the next coming weeks.
A volume peak occurred on the June 13, when turbo and sprinters were closed because the stop-losses were reached.
Basically, I expect to see some short-time but weak bullish price action.
BEARISH
We have to assume the downtrend is still in effect as long as there is no clear reversal signal.
Will Trump's trade war drive price even lower?
BULLISH
The price has entered a trading zone (yellow on the chart), which lasted from October 2013 to May 2014.
I expect this zone to act as support and I hope to see buyers stepping in the next coming weeks.
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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.