Victoria's Secret sharpens decline - Analysis - 15-06-2022

Victoria's Secret's stock (VSCO) kept falling in the intraday levels amid the dominance of the main downward trend in the short term, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI despite reaching oversold levels, marking a new loss of 0.21%, or 7 cents, and settling at 33.90, with trading volumes surpassing 1.8 million shares, above 10-day averages of 2.4 million shares. 

Therefore we expect more losses for the stock, targeting the support of 30.00, provided the resistance of 40.00 holds on.

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Expected trend for today: Bearish