Short term wise, I think we may likely see a rebound happening soon!
It might be good to wait for the price to stabilize first before taking the next course of action!
Looking at the chart, the support is at $1.45.
Next support level would be at $1.37 and then $1.25.
Pls dyodd.
31st Mar 2020
Looks like the recent rebound is short-lived.
It is trading lowered again after touching the high of $1.927 on 27 March, looks rather bearish!
The volume is getting thinner which may be a sign of losing momentum or not enough buying volume.
Short term wise, I think it may go down to retest the recent low of $1.53. The transacted volume for past few days was also getting thinner. A sign of weakness.
The volume is getting thinner which may be a sign of losing momentum or not enough buying volume.
Not a call to buy or sell.
Pls dyodd.
A short rebound is happening at this juncture .
This might be a golden opportunity for those who want to lock in profit or to make an exit strategy!
Short term wise, lets wait for the short rally to be freezer out and give us the actual market direction for this counter.
If it continues to go lower for the next few days then high chance the short rally is just a temporary rebound!
Not a call to buy or sell.
Pls dyodd.
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