IFF is showing signs of a potential continuation in its downward
IFF is showing signs of a potential continuation in its downward movement. After a significant drop, the stock has entered a consolidation phase and is forming a bearish continuation pattern known as a bear pennant or symmetrical triangle.
If the price breaks below the blue dotted line, it would trigger a short position, signaling a potential further decline. Stop loss would be at the top of the pattern.
Both the relative strength index (RSI) and the moving average convergence divergence (MACD) are indicating the possibility of further downward movement. The crossing of the support line on these two indicators may also coincide with a breakdown in price.
If the price breaks below the blue dotted line, it would trigger a short position, signaling a potential further decline. Stop loss would be at the top of the pattern.
Both the relative strength index (RSI) and the moving average convergence divergence (MACD) are indicating the possibility of further downward movement. The crossing of the support line on these two indicators may also coincide with a breakdown in price.
Consistency is the key of success....
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Consistency is the key of success....
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.