• Possible double top Formation
• If the stock price is correcting in the next days and passing the valley low at 105.50 a further correction to 97.60 should be expected.
• Stock is testing the upward trendline. Could leave this area in the next days.
• Formation target price is at the gap area which was built mid-march 20
• A technical support is given from the 100-day MA which is crossing the 200-day MA
• If the stock price is correcting in the next days and passing the valley low at 105.50 a further correction to 97.60 should be expected.
• Stock is testing the upward trendline. Could leave this area in the next days.
• Formation target price is at the gap area which was built mid-march 20
• A technical support is given from the 100-day MA which is crossing the 200-day MA