Price action has been trading in a descending triangle pattern after a sharp up move. Also retracements are weakening which indicates a possibility of trend reversal. Once closes above 333, one can initiate longs with safe SL and ride as it goes up. Beware of fake breakouts, has been common nowadays.
Yorum:
Did not know that quarterly results were announced on 28th. Gapped down due to bad Q1 results.