Price remains stuck in the long-term downtrend as the 200 day moving average and 2.55 resistance area continued to act as a ceiling. The bearish rejection off the resistance in April turned price back into the downtrend.
When using technical analysis, there are no certainties—just probabilities.
This blog is for self-learning purposes only; you are responsible for your own trades. Do Your Own Due Diligence (DYODD).
Timeless Principles of Trading Success: Lessons from 1898 to Today
Monday, May 27, 2019
SPH Turned Price Back Into Downtrend
CIMB Analyst:
Price remains stuck in the long-term downtrend as the 200 day moving average and 2.55 resistance area continued to act as a ceiling. The bearish rejection off the resistance in April turned price back into the downtrend.
Price remains stuck in the long-term downtrend as the 200 day moving average and 2.55 resistance area continued to act as a ceiling. The bearish rejection off the resistance in April turned price back into the downtrend.
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