Berry Corp. falling back down after false breakout
Hello Traders!
After a confirmed false breakout, a bounce off of the 200 SMA, the MACD crossing under the 9 EMA, and the RSI indicating overbought conditions, the price of the Berry Corporation will continue its strong short-term downtrend and drop back at least to the 2.78 support/resistance. The MACD looks still very pessimistic and the RSI is a good bit away from being oversold.
VF Investment cannot be held responsible for any financial damages suffered from following our well-funded but personal opinions and trading ideas.
Please, maintain proper position sizing and risk management!
After a confirmed false breakout, a bounce off of the 200 SMA, the MACD crossing under the 9 EMA, and the RSI indicating overbought conditions, the price of the Berry Corporation will continue its strong short-term downtrend and drop back at least to the 2.78 support/resistance. The MACD looks still very pessimistic and the RSI is a good bit away from being oversold.
VF Investment cannot be held responsible for any financial damages suffered from following our well-funded but personal opinions and trading ideas.
Please, maintain proper position sizing and risk management!
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