From the chart, it can be clearly seen where trendlines are including support/resistance.
We can see a descending horizontal wedge type pattern (sorry don't know technical name).
Keep eye on next few days price action to determine whether downtrend resistance line breaks, indicating bullish reversal.
Let me know of any comments.
NB First chart publish. Total newbie. Thanks :)
We can see a descending horizontal wedge type pattern (sorry don't know technical name).
Keep eye on next few days price action to determine whether downtrend resistance line breaks, indicating bullish reversal.
Let me know of any comments.
NB First chart publish. Total newbie. Thanks :)
Today, we have a major drop in SP by ~8%. Broken the 4.8p support levels where the price has been bumbling along the past few weeks.
We can see the uptrend of 19 March 20, is now acting as support, as well as the 100MA. Should these break then we could unfortunately see a further drop to about 3.5p, to the 200MA?