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...
Fresnillo, the precious metals miner, is the top loser in the FTSE100 index; down 5.42% at the time of writing.
Pattern – Double top on daily with neckline at 1738
Sliding daily RSI and money flow index coupled with a sharp drop today suggests prices are likely to test the neckline support at 1738 levels.
A day end close below neckline would signal trend...