$F TOP 20
Added 2023-04-23 14:20:32 +0000 UTCNice rejection here at the 200 Day Ma, this is a perfect example of a rejection, the price hit the 200 Day MA, the yellow line, it tried to retest again and didn't come close to it, this is a second rejection and once this happened, it was clear that the price would come down lower, as the 200 Day MA has acted as a resistance line over 5 times over the last 6 months.
RSI and MACD confirming the downward trend.
We know this is a slow mover and we are ok with that, it's not a bad idea to have different stocks entering their buy zones at different stages, we can benefit from this staggered timeline.
So What Now?
I have added in yellow support lines in the buy zone, I will be watching for the price to drop into the buy zone and those support lines will be areas I will be considering buying at.
