Sell at current levels or higher. Six Key Drivers: (1) Negative candle structure; (2) Price rejection at multi month swing highs, (3) The development of a small bear flag technical formation; (4) Negative divergence as per the 14-day RSI; (5) Pending print below the 50 level on the 14-day RSI; (6) Price extended versus 200-day SMA. As always, traders could consider the following if/when the share approaches the target: bank/take profit, partially scale out, adjust the stop-loss to protect profits. Time stop: Friday, 22 March 2024.
TRADING LEVELS:
Entry: 197012
Target: 181000
Stop-loss: 209500
TRADING LEVELS:
Entry: 197012
Target: 181000
Stop-loss: 209500