Risk/reward turning lower in the Technology sector as monthly charts show early signs of distribution.
Momentum studies are unwinding overbought areas, suggesting increased profit-taking risks in the coming weeks.
A close below the USD45.86 low of September would add extra weight and open up the USD44.00~ break level.
Momentum studies are unwinding overbought areas, suggesting increased profit-taking risks in the coming weeks.
A close below the USD45.86 low of September would add extra weight and open up the USD44.00~ break level.
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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.