From a chartist’s point of view, the stock price remains stuck in a symmetrical triangle pattern. The 20-day simple moving average started to flatten out. The daily Relative Strength Index (RSI, 14) is around its neutrality are (50%). The breakout of the pattern will provide the direction of the next move. A break below 99.8CHF would open a path to see 96CHF and 93CHF. Alternatively, a push above 108.7CHF would call for a rise towards 113.2CHF.
Source: GAIN Capital, TradingView
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