Enough preconditions for Xerox to reverse?

27 january 2022 90
Ivan__Titov
Ivan__Titov

Listed among the best MarketCheese authors
3rd in the segment "Indices"
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The Xerox stocks, amid the general market correction, have lost all growth for the last month.

 

The precipitous fall has led the price to the uptrend from the minimum of the past year of 17.56. The RSI in the zone of extreme oversold is below 10 and a hammer appeared on the chart giving hope for a bounce.


The next candlestick after the hammer formed a Doji, a signal of uncertainty. Before the bounce, the uptrend could be tested again, it is passing near 19.1 now. With upward movement, the target will be an unclosed gap at 21.6.

Ivan__Titov
Ivan__Titov

Listed among the best MarketCheese authors
3rd in the segment "Indices"
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