Will the 200 D SMA Hold as Support?

9 thg 7, 2021

Relatively new to TA analysis so would appreciate any feedback/correction/support but go easy on me as I'm still learning.

The title and chart are pretty self explanatory.

Things to Note (deprecating factors first):
-We broke the upwards trend line and saw a dramatic selloff
-Below 50 D SMA
-MACD divergence possibly coming soon
-RSI is in oversold territory
-Trend line since March 20' coming to meet price as support

I know it's not much but it's just a quick analysis and publishing to get feedback and learn.

Thanks!