FIS Technical – Panamax

FIS Technical – Panamax

The index remains technically bullish above all key moving averages with the RSI above 50. However, the RSI remains in divergence with the latest bull wave moving less than 38.2% of the previous wave in nearly an equal amount of days. This illustrates a momentum slowdown in price meaning that the market although technically bullish is no longer regarded as a technical buy as it is showing momentum weakness.

 

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