Indicators of Moody's correction

10 August 2022 312
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Moody's shares are at their maximum since early May, reaching the 315 mark. Considering the summarized growth of more than 25% over the last month and a half, some correction looks quite appropriate.


The technical picture is about the decreasing: the doji star is formed and the Stochastic also gives a signal to sell. An obvious target for the "bears" will be the round 300 level, where the upward trend from the year's minimum passes. In case it breaks it down, the price might move further to 290 level.

This content is for informational purposes only and is not intended to be investing advice.

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