Hi Guys
So having a look at FOSCHINI, we may derive the following from the weekly chart:
1. Price is trading in an equidistant channel, where the bears appear to be in control.
2. We may therefore test the weekly uptrend support near the 200 SMA.
3. I am favouring a move to downside but wouldn't rule out the possibility of a break to the upside where we may then retest the ATH.
4. Since we are in the middle of a channel, there would be little room to trade. Wait for a good entry.
Let's see what happens.
Note: The views provided herein do not constitute financial advice.
So having a look at FOSCHINI, we may derive the following from the weekly chart:
1. Price is trading in an equidistant channel, where the bears appear to be in control.
2. We may therefore test the weekly uptrend support near the 200 SMA.
3. I am favouring a move to downside but wouldn't rule out the possibility of a break to the upside where we may then retest the ATH.
4. Since we are in the middle of a channel, there would be little room to trade. Wait for a good entry.
Let's see what happens.
Note: The views provided herein do not constitute financial advice.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.