Hi folks,
Chart below shows a recent downward breach of the 200EMA, followed by a denied upward cross. MACD and RSI trending south again, which means the 50EMA could breach the 200EMA signalling the commencement of a bearish trend. From there it could run down towards the last major support line at around $2.00.
Thoughts?
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Open | High | Low | Value | Volume |
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3 | 564 | 4.280 |
3 | 587 | 4.270 |
3 | 705 | 4.260 |
5 | 10281 | 4.250 |
Price($) | Vol. | No. |
---|---|---|
4.310 | 170 | 3 |
4.320 | 237 | 3 |
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