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22-03-2023
Downtrend 20 MA crossed the 50 MA showing a downtrend.
23-03-2023
Price broke down the support level which was previously created with a double bottom pattern.
28-03-2023
Double bottom support failed and share price dipped further down towards the Crucial Support 156.00 - 162.50 Golden Pocket.
29-03-2023
The share price bounced back from the golden pocket support.
31-03-2023
The previous double bottom support is now acting as a resistance 172.00 - 179.25. Share price was trying to make a breakthrough from the resistance.
22-03-2023
Downtrend 20 MA crossed the 50 MA showing a downtrend.
23-03-2023
Price broke down the support level which was previously created with a double bottom pattern.
28-03-2023
Double bottom support failed and share price dipped further down towards the Crucial Support 156.00 - 162.50 Golden Pocket.
29-03-2023
The share price bounced back from the golden pocket support.
31-03-2023
The previous double bottom support is now acting as a resistance 172.00 - 179.25. Share price was trying to make a breakthrough from the resistance.
Comment:
Share is still trading withing the descending triangle.
Comment:
Rejected by the Resistance 172.00-179.50 the share dropped with low volumes.
MA 20 looking to cross the MA 200 to create a death cross.
We are now looking at the golden pocket support zone. Previously the stock had bounced back after reaching this zone.
MA 20 looking to cross the MA 200 to create a death cross.
We are now looking at the golden pocket support zone. Previously the stock had bounced back after reaching this zone.
