ADHI has the potential to decline to the level of 0.236 where it will be at 985 as the support area. If it stays in the support area and bounces, then ADHI has the chance to rebound to the 0.382 level, which is at 1.185. Based on the moving average indicator with a period of 5 days, today's candle is already below the EMA5 (Exponential Moving Average within 5 days). This makes EMA5 a resistance area. In addition, the stochastic indicator 14.3.3 also indicates that there is still a decline to the over bought area. Based on the 2 indicators above,
ADHI has the opportunity to continue the downtrend.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.