Volume has been expanding on black candle days, suggesting that some selling pressure has appeared. In addition, prices appear poised to fall below the 50-day moving average support line at 76 cents. As yet, no clear negative divergence has appeared between price and quarterly momentum.
However, 21-day RSI has been declining and is now marginally below its equilibrium line, suggesting some short-term selling pressure. Support/breakdown is at 76 cents with the next support appearing at 72 cents. Resistance has been established at 80 cents.
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