Stock had made a bearish breakout as it closed below its major support zone (its previous bottom), technical indicates as long as it holds below further decline can be seen in PFC as its previous support will now act as a major resistance.
Stock also trading below its 100 days moving average this indicates bears will be favored. Stock also witnessed selling pressure from 100 DMA as shown in above image.
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PFC major trend indicators like "MACD" and "Stochastic Oscillator" is moving in negative zone this indicates as long as it holds below its previous bottom further price fall can be seen. Close Watch.
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