5-day EMA has crossed 20-day EMA and confirmed another potential big selloff. Last time these EMAs crossed was back in Feb just before the crash.
5- & 20-day EMAs are good trend analysing tools because in trending markets the price action wants to stay above or bellow the moving averages.
RSI has dipped below 50-level.
Fundamentals also support more bearish thesis: Virus resurgence, funds Q2 end rebalancing most likely going to shift funds from equities to bonds (locking in profits from the massive March bounce), unstable political climate & trade tensions.
5- & 20-day EMAs are good trend analysing tools because in trending markets the price action wants to stay above or bellow the moving averages.
RSI has dipped below 50-level.
Fundamentals also support more bearish thesis: Virus resurgence, funds Q2 end rebalancing most likely going to shift funds from equities to bonds (locking in profits from the massive March bounce), unstable political climate & trade tensions.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.