Outlook
Price was unable to move above the cloud on Friday and instead formed a bearish Engulfing candlestick price pattern just below the cloud. The candlestick price pattern is a bearish sign and signal and is hinting of a price decline ahead. Inability to move above the cloud is another sign of a bearish trend. Conversion and Base lines had a bearish crossover hinting of a bearish price trend. Lagging Span is below price of 26 days ago and also below the cloud, confirming the bearish price trend. MACD remains bearish.
Strategy
$270.00 Sell
$258.00 Price Target
$276.00 Risk Management Stop
2 weeks Trade Duration
