Victoria's Secret tries to vent off oversold saturation - Analysis - 09-09-2022

Victoria's Secret's stock (VSCO) rose amid attempts to recoup recent losses, while venting off oversold saturation in the RSI amid positive signals out of them, amid the dominance of the main downward trend in the medium term, with negative pressure from the 50-day SMA. 

Therefore we expect the stock to return lower, targeting the pivotal support of 26.14, provided the resistance of 40.90 holds on.

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Expected trend for today: Bearish