Another support at 88 cents has been taken out and has transformed itself into a resistance line. More bears invading this casino island resort. Any breakout above 88 will most probably be halted by the green dual resistance trendlines and the dark storm clouds of the Ichimoku Kumo. Immediate support 86.5 with a high chance of testing the pink dual trendlines support. Further weakness will plummet price to the blue dual trendlines support.
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1 comment:
Bro, pardon my ignorance but looking at your chart, am I wrong to see bullish divergence between the share price and the indicators? Share price has hit lower lows but indicators: Stochastics, MACD and RSI all have higher lows?
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