The stock is far away from the moving averages. time for some retracement. first target is around $58 and could go further to $52.
Please note: I'm just sharing my view. its not a recommendation for buying or selling.
Please note: I'm just sharing my view. its not a recommendation for buying or selling.
Note
bearish divergence on MACD on the daily chartNote
we might see a relief rally, but still bearish. next target $48
“The fact is that if traders really believed that anything could happen at any time, there would be considerably fewer losers and more consistent winners.”
― Mark Douglas, Trading in the Zone
― Mark Douglas, Trading in the Zone
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.
“The fact is that if traders really believed that anything could happen at any time, there would be considerably fewer losers and more consistent winners.”
― Mark Douglas, Trading in the Zone
― Mark Douglas, Trading in the Zone
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.