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TECHNICAL SCREENS (x2) - Wednesday, 17 July 2024

  • Writer: Lester Davids
    Lester Davids
  • Jul 17, 2024
  • 1 min read

• REAL-TIME: 12h03


PRICE MORE THAN 10% ABOVE IT'S 21-WEEK EMA. TECHNICALLY EXTENDED TO THE UPSIDE AND IS SHOWING EARLY SIGNS OF WEAKNESS FROM AN OVERBOUGHT POSITION.


PRICE MORE THAN 15% ABOVE IT'S 21-WEEK EMA. TECHNICALLY EXTENDED TO THE UPSIDE AND OFFERS A POOR BUY/LONG REWARD-TO-RISK. MOMENTUM CAN CONTINUE HOWEVER LOOK FOR A DETERIORATION IN CANDLE STRUCTURE AS A TRIGGER TO SELL/REDUCE.


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