Position: Short
Entry Price: $86.54
Target Price : $77.26
Stop loss: $89.53
RSI is downward-sloping after having touched its resistance level of 70, threshold for overbought stock
STOCH signals an overbought stock
ADX is around 20 but D+ line is now downward sloping, after being been above D- since the segment DC started
The pattern respects the Fibonacci levels of the bearish cipher pattern. RSI has reached its resistance level of 70 and is now downward sloping, confirming the trend. The stock is in the utility sector, which has showed good 1-week and 1-month performance, but the relative strength indicator shows this stock is performing worse than the S&P500. A market order is suggested, with stop loss at resistance level and profit target at the support level already tested multiple times.
No financial advice.
Entry Price: $86.54
Target Price : $77.26
Stop loss: $89.53
RSI is downward-sloping after having touched its resistance level of 70, threshold for overbought stock
STOCH signals an overbought stock
ADX is around 20 but D+ line is now downward sloping, after being been above D- since the segment DC started
The pattern respects the Fibonacci levels of the bearish cipher pattern. RSI has reached its resistance level of 70 and is now downward sloping, confirming the trend. The stock is in the utility sector, which has showed good 1-week and 1-month performance, but the relative strength indicator shows this stock is performing worse than the S&P500. A market order is suggested, with stop loss at resistance level and profit target at the support level already tested multiple times.
No financial advice.
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