Since July 2016, price has been rallying in a 5-wave structure to the recent high at 18.30 in July 2017 in a diagonal structure.
RSI has formed a divergence as well, giving us another confluence of a potential retracement lower from here.
We are expecting price to correct to the downside towards 15.13 or even lower towards 14.38 area in the short term before another move higher.
*Disclaimer - ensure that you have analysed the fundamental of this company and do your own due diligence before trading.
RSI has formed a divergence as well, giving us another confluence of a potential retracement lower from here.
We are expecting price to correct to the downside towards 15.13 or even lower towards 14.38 area in the short term before another move higher.
*Disclaimer - ensure that you have analysed the fundamental of this company and do your own due diligence before trading.