CCOI: interim correction?A price action below 76.00 supports a bearish trend direction.
Increase short exposure for a break below 75.00
The target price is set at 71.00.
The stop-loss price is set at 80.00.
The confluence of the 200-day and 200-week simple moving averages seems to be a price objective over the next couple of weeks.
Remains a risky trade as the price action is merely seen as a counter-trend correction as a trend change.
