Price: 152.8 | EMA7: 167.56 | EMA25: 209.87 | RSI14: 38.86 | Resistance: 538.1 | Support: 131.1 | Average Volume: 14284.42 | Volume Trend: Increasing
Based on the 1-week chart, here's my technical analysis:**
**Bearish trend**: EMA7 and EMA25 are sloping downwards, indicating a strong downtrend.
**Short entry**: Consider shorting at the current price of 152.8, with a stop-loss above the recent high of 167.56** (EMA7). This short setup is reinforced by the bearish MACD and RSI indicating oversold conditions.
**Long entry**: Wait for a bounce off the support level of 131.1, with a stop-loss below this level. This could be a good risk-to-reward trade, but only if the RSI and MACD start to trend upwards.
**Spot buy price**: If you're looking to buy, consider waiting for a break above the EMA7 (167.56) or the recent resistance of 167.56, with a stop-loss below the support of 131.1. This would indicate a potential trend reversal.
Keep in mind that the increasing volume trend could lead to a stronger move in either direction.
Remember to set stop-losses and adjust your position size according to your investment strategy.