Yes, we are in a downtrend already. Are we? But today's fall was way to steep. Thus we could not fall below the 31st May low. The stock is oversold and shall probably correct now.
Trade closed: target reached
Trade active
I am re-opening the position at a somewhat better price. I still expect the old support level of February and May to hold once more.
Trade closed: target reached
I am taking the new profit. Perhaps the downtrend may be considered finished now. Another study may show the outlook for next week.
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.