Manchester United driven lower by current resistance - Analysis - 24-01-2023

Economies.com
1 week ago

Manchester United's stock (MANU) fell in the intraday levels after the resistance of 23.35, as traders collect profits while the stock gathers momentum to rise anew, amid the dominance of the main upward short-term trend, with positive signals from the RSI after reaching oversold levels, with positive pressure from the 50-day SMA. 

 

Therefore we expect the stock to return higher, targeting the resistance of 25.30, provided the resistance of 23.35 was breached. 

 

Expected trend for today: Bullish

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