Although I don’t know much about technical analysis, considering other socioeconomic and political factors as well, I’d say a short-term bounce, followed by a gradual decrease/movement sideways until mid-to-late January next year. I don’t think the price will drop below the lower support zone as it’s already a significant deviation from the longer-term moving averages. These could provide some momentum for an upturn, but I think general market confidence needs to recover a bit for an extended upturn. Fwiw.
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Good thoughts here. I could see that as well. It looks like there may be another surge to the downside first before we see any kind of sustained up-move though.