Didi price trapped in a hesitant place - Forecast today - 27-05-2024

Didi Global’s stock price (DIDIY) fell in the intraday levels, amid negative pressure from the 50-day SMA, with negative signals from the RSI after reaching overbought levels, amid the dominance of the main upward trend in the short term, with the stock trading alongside the trend line.

Therefore we expect more losses for the stock, targeting the pivotal support of $4.38. 

Trend forecast: Bearish