I hope all is well.
Price appears to be moving in a downward parallel channel, price has appeared to resist the 200 EMA(34.98). If price breaks the 200 EMA, we may have bullish activity but if price continues to reject the 200 EMA 34.98 price may cycle down to the 50 EMA (33.42). Please view chart for key levels and for visual representation please be careful and all the best.
Price appears to be moving in a downward parallel channel, price has appeared to resist the 200 EMA(34.98). If price breaks the 200 EMA, we may have bullish activity but if price continues to reject the 200 EMA 34.98 price may cycle down to the 50 EMA (33.42). Please view chart for key levels and for visual representation please be careful and all the best.
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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.