Ruberex is moving below a valid uptrend line since end of Nov preceded by a Dead cross and Negative Divergence seen on MACD. More Bearish sign as annotated on chart which are Exhaustion Gap and Bearish Breakaway Gap and Dark Cloud Cover candlestick seen on weekly timeframe. The price is trading below 10-period MA which could continue it's downside pressure to the support area.
Disclaimer: Our content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment base on your own personal circumstances. The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Disclaimer: Our content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment base on your own personal circumstances. The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.