Looks like KEYACOSMET is ready for another leg lower in the near term.
The overall long term trend for is still down. However for the short term , we might see an upside correction @ 11.30 , however probabilities suggest that trading with overall trend is favored. And thus the recent would be pullback could be a good opportunity for another short.
Technically,
- A double top formation competed
- Short term rising trend line was broken
- We might be heading to a sideways movement between 11.60-10.80
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