Invesco Solar ETFShort
Solar Energy ETF - Death Cross
Chart shows death-cross highlighted as a pink circle. The definition of a death-cross is when the 50sma crosses below the 200sma.
This technical pattern signals further downside.
The red horizontal level R1, is the bullish short-term target, if we can cross the 50 (orange) and 200 (red) moving averages, and revert the death-cross. However, unless we can stay above the mid-level (blue-line), that is unlikely happening..
S1 could be an important support around $58, as we see a couple of tests back in September 2020.
OBV shows lower lows, supporting the downtrend.
This technical pattern signals further downside.
The red horizontal level R1, is the bullish short-term target, if we can cross the 50 (orange) and 200 (red) moving averages, and revert the death-cross. However, unless we can stay above the mid-level (blue-line), that is unlikely happening..
S1 could be an important support around $58, as we see a couple of tests back in September 2020.
OBV shows lower lows, supporting the downtrend.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.