Today I have a quite unusual stock. Instead of watching Italian football, why not watching some Italian stocks.
First of all we can see a bearish trend to the resistence line (1.1185). However, at this point it could reverse.
Points to consider:
- There is not high volume fluctuations (price will not increase/decrease drastically)
- Price quite below EMA 8 so the bearish trend will continue (also was proved with EMA 12 and the result was the same).
- RSI (important): it is trading at a very low value (30 approximately) so it could speed the decreasing trend up.
First of all we can see a bearish trend to the resistence line (1.1185). However, at this point it could reverse.
Points to consider:
- There is not high volume fluctuations (price will not increase/decrease drastically)
- Price quite below EMA 8 so the bearish trend will continue (also was proved with EMA 12 and the result was the same).
- RSI (important): it is trading at a very low value (30 approximately) so it could speed the decreasing trend up.