Didi extends losses - Analysis - 17-03-2023

Didi Global's stock (DIDIY) kept  falling in the intraday levels while hurt by piercing the upward trend line in the short term, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI despite reaching oversold levels.

Therefore we expect more losses for the stock, targeting the support of 3.00, provided the resistance of 4.00 holds on.

Expected trend for today: Bearish