The stock began its pullback on February 18th but faced heavy selling pressure on February 28th, resulting in a sharp decline. It broke multiple support levels and recorded a significant 16% loss, signaling strong bearish momentum.
The MACD remains in a downward crossover (DC) and is below the zero line, indicating continued weakness and a lack of bullish momentum. This suggests that sellers remain in control, and the stock has yet to show signs of stabilization or reversal.
Going forward, it is crucial to monitor whether the stock can establish a support base and regain key resistance levels. A confirmed reversal would require a bullish divergence, a trend shift with higher lows, or a breakout above key resistance levels.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Market conditions can change rapidly, and past performance is not indicative of future results. Always conduct thorough research and consult a qualified financial professional before making investment decisions.
The MACD remains in a downward crossover (DC) and is below the zero line, indicating continued weakness and a lack of bullish momentum. This suggests that sellers remain in control, and the stock has yet to show signs of stabilization or reversal.
Going forward, it is crucial to monitor whether the stock can establish a support base and regain key resistance levels. A confirmed reversal would require a bullish divergence, a trend shift with higher lows, or a breakout above key resistance levels.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Market conditions can change rapidly, and past performance is not indicative of future results. Always conduct thorough research and consult a qualified financial professional before making investment decisions.
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Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.