Looks like it is snowing now! Bearish mode after hitting the high of $400+, the price has been corrected quite a bit to close at $259.54, looks rather negative!
Likely to see further selling down pressure!
The price is staying below the Moving Averages which is a sign of weakness and May trend lower!
Short term wise, I think tech sector may continue to see further selling down pressure and it might be good to wait for it to normalize!
The share price may go down to retest the recent low of $242.00. A breaking down coupled with high volume that may drive the price lower towards 235.
Not a call to buy or sell.
Pls dyodd.
No comments:
Post a Comment