TECH Sell 29.06.2020 10:05
ASX200: technical analysis
On the 4-hour chart, the downtrend is still in effect. The instrument returned to decline after a short-term correction, and is trading around the middle line of Bollinger bands. The indicator cloud expanded, which indicates a likely decrease in the short term. The MACD histogram is in the negative area, maintaining a signal to open sell orders. Stochastic crosses the border with the oversold zone upwards, forming a signal to open buy orders.