Despite sharp rebound from the low of 148.40 (July low) and a rally in August, the subsequent failure at 5-month moving average this month and a bearish break in the daily RSI suggests the share price is heading lower to daily 50-MA support of 186.26 levels.
A day end close below 186.26 would open doors for last month’s low of 173.80.
On the higher side, only a day end close above 100-DMA level of 208.71 would signal a start of fresh rally.
A day end close below 186.26 would open doors for last month’s low of 173.80.
On the higher side, only a day end close above 100-DMA level of 208.71 would signal a start of fresh rally.
