An extract from today's research. For more research insights, including trade ideas, get in touch today.
Over a 2-day period, the share has shifted one level lower, from high bullish momentum to strong. This possibly reflects a slowdown in upward momentum. Also over a 3-day period, sellers have controlled the range between 4685c and 4937c. It's possible that the share develops a minor pullback, potentially into the rising 8 and 21-EMA range before continuing it's trend higher.
Over a 2-day period, the share has shifted one level lower, from high bullish momentum to strong. This possibly reflects a slowdown in upward momentum. Also over a 3-day period, sellers have controlled the range between 4685c and 4937c. It's possible that the share develops a minor pullback, potentially into the rising 8 and 21-EMA range before continuing it's trend higher.