ENTRY: 3.92
SL: 3.60
TP: 4.83
- ADX>20
- RSI<50,RSI<70
- Daily RS +ve
- Daily FFI +ve
- Daily MACD +ve
- Weekly RS +ve
- Weekly FFI +ve
- Weekly MACD -ve
- Sign of Strength on 28 Jul 2021 and break above HVN.
- Retraced on lower volume and moved up with higher volume subsequently.
- Hit high of 4.02 before retracing back to 38.2% Fib. level and bouncing up on 6...
MACD recording higher lows whilst prices are trending down. Strong volume could help this one turn around again soon.
The recent CEO troubles are amongst a few factors causing this one to have dropped recently, but it's always been a strong defensive stock. Could be a good opportunity to buy in for those contrarian investors.
