TRUMP Update:
TRUMP is currently sitting at the 21 MA support. If it holds strong, we are likely to see a rebound. There is another support around $13.6, but it may weaken if the price breaks down below the 21 MA.
The RSI is forming a bearish divergence, suggesting that a short-term correction is likely.
Strategy:
~ Entering a short position at CMP to $15.6.
~ Stop loss: $16.5.
~ Leverage: 5x to 10x.
~ Target: $11.5 to $12.
Note: Always do your own research and analysis before investing.
Regards,
Dexter.
