ST: below its lower Bollinger band

Trading Central 2021-02-23 14:40:15

Our pivot point stands at 3342.

Our preference: under pressure below 3342.

Alternative scenario: the upside breakout of 3342 would call for 3481 and 3565.

Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 3290.2955 and 3231.0518). Finally, is trading below its lower daily Bollinger band (standing at 3188.34).

Supports and resistances:

3565 **

3481 *

3342 **


3180.74 (USD-last)


2928 **

The trading strategy containing reference trading prices and analysis opinions is provided by the third-party provider Trading Central.And the trading strategy is only the personal research and judgment by analysts,which is not a statement of facts.No representation or warranty is given as to the accuracy or completeness of this strategy. Consequently any person acting on it does so entirely at their own risk. TOP1 accepts no responsibility for any use that may be made of these comments and for any consequences that result.

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