Reversal is hereMultiply is in a strong down trend for ages now, people are tired to see it RED on daily basis although its one of the top traded stock with solid fundamentals but still its struggling. For now we can see some fresh signs of reversal right at 2.45 area still this is not a uptrend there are chances it may hit the resistance get rejected and go below 2.45 I am expecting a double bottom chart pattern once it hits the resistance and comes back for a correction. For now early bird entries can be planned with quick exits for short term gains.
Hit like & follow guys ;)
Stalkstockdfm
Will it survive here?Trend
For now upp is still on a up trend but we are seeing its under selling pressure 12th July 2023. Support area is at 0.390 area and its been holding good so far. Its been retesting the same area again and again hopefully it will hold it and push the price up.
Negative Scenario
If the current level is not holding then most likely we will see it coming down till about 0.370 and then 0.350.
Need Bull Power
Bulls need to come out in open and flex their muscles to defend the current zone. I will only take it bullish once it breaks 0.410 till then its in a no trading zone for me.
Hit like & follow guys ;)