The buyers did not manage to pass the important resistance level 188.4, where the main line of the downfalling trend is placed, thus the shares were driven down.
At the moment there is a declining movement to the support level of 184 observed.
As the general tendency remains decreasing and the chart of the computer sector is still in the formation “Bullish correction” at the rate of 30%, today the continuation of the descending trend is expected.
In case of a pre-time shares’ upward rebound and breaking through resistance level at 188.4, the buyers will overwhelm and a rising pace will last till the resistance level at 190.8.
The relative strength chart is placed at 50% and is directed horizontally.
Performed by Sergey Litvinenko, Analytical expert
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