Peloton: Anddddd back down. We look to Sell at 10.90 (stop at 11.76)
We look to Sell at 10.90 (stop at 11.76)
Expect trading to remain mixed and volatile. The medium term bias remains bearish. Trading within a Bearish Channel formation. Selling pressure from 11.40 resulted in all the initial daily gains being overturned. Preferred trade is to sell into rallies.
Our profit targets will be 8.94 and 8.30
Resistance: 11.30 / 14.70 / 20.00
Support: 8.70 / 5.00 / 2.00
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