Pivot Points (for Nov 22): PP=156
Resistance: R1=158.34; R2=159.7
Support: S1=154.64; S2=152.31
Crucial (decision) point is M+(157.17)
On Nov 21 the stock has entered former uptrend channel (since Aug 29), closing yesterday slightly above the lower uptrend edge. Trying to stay within the (former) uptrend, the stock is testing its lower edge, which is currently around ~157.
Standard tech day trading. The d-sentiment is (slightly) positive --> the stock is in the range: PP-M+.
On st-horizon one can see clear divergence --> the stock is rising since Nov 15 at flat (actually constant) MFI. Though, the RSI (which doesn't account for the volume) is rising. Indeed, one can also see 'negative' price-volume correlations.
As for 'aex', on Nov 15 & 17 the index has formed lower 'double bottom' at ~535.5 & ~534.7. It's well under the former bottoms formed on Oct 6 (~539.2) and Oct 25 (~540.3). As usual, a 'double-bottom' pattern gave rise to st-uptrend. However, given a number of indicators, the prob is reasonably high for the index to form a 'lower top' soon, i.e. under the r-zone ~547.5-549.5 --> the 'right shoulder' for classic pattern.
Take care.