The daily chart of Esprit Holdings (0330.HK) shows that the price is currently testing its support. After a little breakdown, it seems like traders are betting on rebounds so the price was promptly pushed back above the support. But the MACD seems to be opposing them. The selling pressure is growing. If breakdown confirms, the red downtrend line and 23.6%-fibs level would be the next support, which is at around 36.
If you are betting on a rebound, 43 is a big resistance.
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