Technical indicators show that price has now come to its supply zone. Prices should come down 160, and may be exceed our expectations to go below 140!
Basic Technical Analysis concept of horizontal resistances (previous lows acting as supply points)
Looks like same price behavior, so short for target of 1135 with a stop of 1280
Worst does'nt seem to be over yet, stock is still in a no trend phase, so should re-visit the lows.
Price has seen a quick burst recently, but now expecting the rally to take a pause and come back to 337.
Price testing supply zone between 277 and 287, entire zone is a shorting oppurtunity, since the zone is a wide one, one can look to enter 50% of their normal trade size. Target zone 265-261.
On-going Trend - Down So current rallies are mere counter trend rallies. Price should see 1980 initially, may eventually go below 1800!
More than one parameter showing resistance at current prices, so the stock should see a fall from here to atleast 1080 or even lower.
Trendline break showed change in trend from up-trend to down-trend, so the current rally should only be a counter rally, and price should continue with the down-trend from here.
Price at 100 MA and the RSI is at oversold. Stock should see a bounce from current price level.
Target 1 - 1326 Target 2 - 1354 Stop loss - 1269
Short for a target of 32, stop loss 37
Short for Targets of 925 and 905, stop loss 960
Short Target1: 185 Target2: 181 Stoploss: 192
Target 1 - 685 Target 2 - 660 Stop loss - 730
Similar chart structure seen, by that logic, prices should now start falling.