Under Pressure
Our Pivot: 48.50
Our Preference: Short sell below 48.00 with strict stop loss of 48.50 and target at 47.37 and 46.70.
Alternate Scenario: Upward penetration of 48.50 will call for 48.90 and 49.30.
NOTE: Capped by a resistant trend line.
Chart with Supports and Resistances:
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