Prince Pipes - Caution
In the past i have been bullish on this stock..but now its time to be cautious..
The stock is on the verge of a breakdown + could break below the 200EMA..
So if you own the stock it'd make for a good short below 650 or to exit existing positions..
If you continue to be bullish on the stock then you rebuy it once it crosses back over the 200EMA of 600/550 depending on where the stock goes upto.
The stock is on the verge of a breakdown + could break below the 200EMA..
So if you own the stock it'd make for a good short below 650 or to exit existing positions..
If you continue to be bullish on the stock then you rebuy it once it crosses back over the 200EMA of 600/550 depending on where the stock goes upto.
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