Bears broke ALI’s 61.8% Fibonacci Retracement level with ease

Current support for ALI is at 76.4% Fibonacci Retracement level after it easily break the 61.8% level. 20-day SMA line seemed determined to make a dead cross to the 200-day SMA line. Bears are taking charge on ALI. RSI or Relative Strength Index is now 22 but it seems we will have more dip or at least going sideways?

Caveat!

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