Medium Term Opportunity: The share appears like to lose support of a multi-month demand zone and potentially break down from a 3-month topping structure. The momentum indicators have shifted from 'neutral' to 'weak' while confirmation is a close below 0.8735. The price has also shifted below it's near-term moving average and is likely to be sold on rebounds. Time Stop: 16 May 2023
TRADING LEVELS:
Entry: 0.8757
Target: 0.8560
Stop-loss: 0.8862
This idea has also been published on our client platform. For more research insights, including trade ideas, get in touch today.
TRADING LEVELS:
Entry: 0.8757
Target: 0.8560
Stop-loss: 0.8862
This idea has also been published on our client platform. For more research insights, including trade ideas, get in touch today.