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