It doesn't look promising. If there is a weekly close below the 10-week simple moving average, and this is accompanied by a MACD sell signal, it could indicate a mean reversion toward the 20-week simple moving average, or potentially even lower, testing the high from December 2024.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
