Technically, it is not looking good for PADINI as its 20-Day Moving Average is sloping downward and its price action is below the Moving Average line.
Furthermore the support level is still quite far at 2.01.
Descending Triangle identified at 3 Aug 20.
This pattern is still in the process of forming.
Possible bearish price movement towards the support within next 49 days (ETA 21 Sep 20)
Resistance 1 : 2.45
Resistance 2 : 2.21
Support : 1.990
Resistance Breakout : 2.070 (13 Apr 2020)
Furthermore the support level is still quite far at 2.01.
Descending Triangle identified at 3 Aug 20.
This pattern is still in the process of forming.
Possible bearish price movement towards the support within next 49 days (ETA 21 Sep 20)
Resistance 1 : 2.45
Resistance 2 : 2.21
Support : 1.990
Resistance Breakout : 2.070 (13 Apr 2020)
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