Price action suggesting a potential short term pull back to support at around 147.5
Potential for a short term short position, waiting for price to hit support before buying. Price seems to bounce well when it tests the 200 day moving average, particularly when accompanied by RSI which has given very few false positives in recent months. I'd like to see a confirmation this week that we're headed down before entering a short position.
Potential for a short term short position, waiting for price to hit support before buying. Price seems to bounce well when it tests the 200 day moving average, particularly when accompanied by RSI which has given very few false positives in recent months. I'd like to see a confirmation this week that we're headed down before entering a short position.