The counter is consolidating in a descending triangle pattern for the short term.
It bounced and tried to break the resistive trendline but its valiant effort was invain.
We expect the bearish strength to continue in the counter and so the descending triangle is set to render a bearish breakout, which can spur fresh sell off.
It bounced and tried to break the resistive trendline but its valiant effort was invain.
We expect the bearish strength to continue in the counter and so the descending triangle is set to render a bearish breakout, which can spur fresh sell off.