Fresnillo – Double top breakdown

Fresnillo is down 3.61% today and is a top FTSE100 loser.

The daily chart shows –

Double top breakdown
Money flow index approaching oversold region for the first time since November 2015
RSI is approaching oversold region for the first time since July 2015

Overall, prices appear on track to test 1500 levels ( 100-DMA ), although a minor pull back once indicators hit oversold territory cannot be ruled out.

Bearish invalidation is seen only once prices see a daily close above neckline level of 1738 levels.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out