EPAM CMP 340
Well it broke its uptrend channel after 10 years and 40 MMA before bouncing back.
Now again it is back below 40MMA . And again crossing below the long -term channel.
Monthly Chart :
If the journey continues , long way to go.
Weekly Chart
1st support should be lower end of BB on weekly charts i.e . near 260.
If it is still not in mood of stopping , then next support would be lower end of BB on monthly charts i.e.170 . Although A=C tells a tale that can be very grim and unbelievable in current scenario.
Keep in consideration that BB,moving averages are synamic targets as they keep changing as pper the price-movements.
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