Bearish considerations:
1. All moving averages of importance have curled over and have negative slopes.
2. A clearly-defined uptrend has been broken and tested multiple times.
3. A .382 Fib retracement has been clearly defined.
4. There is a bear flag pattern (the green channel).
5. The 200-day has been retested and rejected from below in a major way
Bullish considerations:
1. Higher highs and higher lows on daily chart.
2. 100-week sma is upsloping and not far below current price, may act as support.
3. There’s a potential time series of peaks that would see a new 2022 high put in by June 9th
The Fib retracement (not shown) that would be bullish if it fell on a Fib level falls in the middle of the .786 and a 1.000 levels which suggests to me a minimum price target of a full retrace at 28600.
1. All moving averages of importance have curled over and have negative slopes.
2. A clearly-defined uptrend has been broken and tested multiple times.
3. A .382 Fib retracement has been clearly defined.
4. There is a bear flag pattern (the green channel).
5. The 200-day has been retested and rejected from below in a major way
Bullish considerations:
1. Higher highs and higher lows on daily chart.
2. 100-week sma is upsloping and not far below current price, may act as support.
3. There’s a potential time series of peaks that would see a new 2022 high put in by June 9th
The Fib retracement (not shown) that would be bullish if it fell on a Fib level falls in the middle of the .786 and a 1.000 levels which suggests to me a minimum price target of a full retrace at 28600.
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.