FIVE was sold off from $55s highs and bounced from important support at $35 and put another lower high at $44 which is the top of right shoulder.
Now price is below key moving averages that are curling down, sellers keeping preassure on price.
Break down of neckline at $35 could lead to further drop down.
Stop above 200 EMA with target at IPO price at $25 makes this trade attractive from R/R point of view.
Now price is below key moving averages that are curling down, sellers keeping preassure on price.
Break down of neckline at $35 could lead to further drop down.
Stop above 200 EMA with target at IPO price at $25 makes this trade attractive from R/R point of view.
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