12.08.2019
Speer Bank continues its downtrend after exiting the ascending channel within which it was moving.
The price managed to hold below the 20-50-7 moving averages
They move above the price and form resistance levels
The stochastic indicator has exited the oversold area but it is in a side path near this area and gives a signal to return to it in a sign that the bearish path continues.
The expected movement between 216.8 support and 235.96 resistance.
Overall trend: Bearish.
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