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Pescanova Video Analysis: the MM200 is an impassable wall

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The trend of Pescanova titles remains bearish in all terms. But at least the control zone above (resistance) seems quite clear a priori.

Technical analysis
VALUES IN BEARING TREND
S1
0.350
S2
0.32
R1
0.4750
R2
0.58

Short term

Medium term

Long term

If you know me, you will know that a server is not very friendly to use the MM200 as a control reference to determine key support / resistance levels. Well, experience has shown me on numerous occasions that it fails a lot, too much. The weekly MM200 being much more reliable than the daily. However, in the case at hand we must recognize that it is acting with maximum precision as a resistance zone. So every time the price attacks it, there is a discharge of money. Then until the title does not pierce it with ease and in weekly candles we will not trust the title and therefore this will remain impeccably bearish.

. (tagsToTranslate) Video analysis (t) Pescanova: (t) MM200 (t) wall (t) impassable (t) Category: All (t) Category: Market Report (t) Category: Technical Analysis (t) Category: Pulses (t ) Category: Analysis (t) Category: Market Pulse (t) Category: Sectorial: Consumer Non-Durables



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