Technical Analysis

1. Overall Trend: There has been a significant drop from the high of $77.24 to the current level of $32.44. The price is correcting after a major upward movement.

2. Moving Averages (MA):

MA(7) is at $34.10, indicating that the short-term price is below the average, which is a bearish signal.

MA(25) is at $38.05, also showing a bearish trend as the price is below this moving average.

3. Volume:

Trading volume is relatively high, indicating significant interest around this price level. High volume usually signals potential trend reversal or continuation.

4. MACD:

DIF is at -3.54 and DEA is at -3.80, indicating bearish momentum.

The MACD histogram is positive at 0.26, suggesting a slight potential for a reversal or consolidation before continuing the trend.

5. Support and Resistance Levels:

Support: The previous low around $30.40 could act as strong support.

Resistance: The MA(25) level at $38.05 could be the nearest resistance.

Conclusion

The short-term trend remains bearish, with the price below both MA(7) and MA(25).

High volume suggests potential for either a reversal or continuation of the trend. If the price holds above the support level of $30.40 and shows signs of reversal with high volume, there may be a buy opportunity.

However, if the price continues to stay below MA(7) and MA(25) without clear signs of reversal, a sell or waiting for further confirmation might be a better option.

Recommendation: Monitor the price action and volume around the support and resistance levels. Wait for a confirmed reversal if considering a buy position, or continue selling if the price keeps weakening.

$TRUMP #WARNINGTRUMP