From a technical perspective, the bearish trend could resume as the stock price is pushing below a short term rising trend line. The daily Relative Strength Index (RSI, 14) failed to clearly break above its neutrality area at 50%, indicating a lack of momentum. As long as 38.2% Fibonacci retracement level at 1400 is resistance, expect a new down move towards the congestion area 1100 – 1015.
Alternatively, a break above 1400 would reinstate a bullish bias and would call for a reversal up trend with 1510 as first target.
Source: GAIN Capital, TradingView