Diamond : Technical View : 06.12.2019
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On an hourly chart, the price closed with
negative note during the last session.
Moreover, It has sustained below the 21*50 days SMA’s and Parabolic Sar, which signifies power to the bears.
Furthermore, the price has sustained below the Falling Trendline, which adds pressure in the counter.
Momentum indicators RSI has crossed below 50 level, which indicates bearishness.
As per the above technical structure; we expect bearish move in the counter.
Moreover, It has sustained below the 21*50 days SMA’s and Parabolic Sar, which signifies power to the bears.
Furthermore, the price has sustained below the Falling Trendline, which adds pressure in the counter.
Momentum indicators RSI has crossed below 50 level, which indicates bearishness.
As per the above technical structure; we expect bearish move in the counter.