Trade setup: Price got rejected near $100 resistance zone , again. That's a stiff resistance where traders take profits. Trends are mixed. Needs to break back above 200-day MA and $80 to resume Uptrend with upside potential back to $100 thereafter. (set a price alert).
Trend: Downtrend on Short- and Medium-Term basis and Uptrend on Long-Term basis.
MACD: Momentum is Mixed as MACD Line is above MACD Signal Line ( Bullish ) but RSI ~ 50 (Neutral).
Support and Resistance: Nearest Support Zone is $70, then $60. The nearest Resistance Zone is $80 (previous support), then $97.
