Category: Forex News, News

Coinbase price strives to shake off negative pressure – Forecast today

Lumen Technologies’ stock price (LUMN) returned lower in the intraday levels, amid the dominance of the downward correctional trend in the short term, with negative pressure due to trading below the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels compared to the stock’s movements, hinting at  negative divergence. 

 

Therefore we expect more losses for the stock, provided it settles firmly below the resistance of $5.90, and targeting the support of $4.52.

 

Trend forecast for today: Bearish 




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