Footlocker to find support at previous resistance?Foot Locker - 30d expiry - We look to Buy at 40.22 (stop at 37.96)
Daily signals are bullish.
Previous resistance, now becomes support at 40.
50 4hour EMA is at 40.43.
Preferred trade is to buy on dips.
A later spike higher was met with further selling interest and prices settled lower to post a negative day.
A lower correction is expected.
Our profit targets will be 45.88 and 46.88
Resistance: 45.70 / 47.22 / 50.00
Support: 43.62 / 42.40 / 40.00
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