Will the 200 D SMA Hold as Support?
Relatively new to TA analysis so would appreciate any feedback/correction/support but go easy on me as I'm still learning.
The title and chart are pretty self explanatory.
Things to Note (deprecating factors first):
-We broke the upwards trend line and saw a dramatic selloff
-Below 50 D SMA
-MACD divergence possibly coming soon
-RSI is in oversold territory
-Trend line since March 20' coming to meet price as support
I know it's not much but it's just a quick analysis and publishing to get feedback and learn.
Thanks!
The title and chart are pretty self explanatory.
Things to Note (deprecating factors first):
-We broke the upwards trend line and saw a dramatic selloff
-Below 50 D SMA
-MACD divergence possibly coming soon
-RSI is in oversold territory
-Trend line since March 20' coming to meet price as support
I know it's not much but it's just a quick analysis and publishing to get feedback and learn.
Thanks!
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