A price action above 71.00 supports a bullish trend direction.
Testing its 200-week simple moving average.
A break above this pivot as well as its 200-day might change the sentiment to bullish.
The target price is set at 79.00.
The stop-loss price is set at 71.00.
Increase long exposure for a break above 75.00, which is close to its 61.8% Fibonacci retracement level.
The upward-trending Linear regression channel might hint at a bullish undertone.
Recently the stock corrected from the lower range of the Linear Regression channel pattern, which increased the likelihood of a mean reversion trade.
Earnings on 27 October remains a concern.
Testing its 200-week simple moving average.
A break above this pivot as well as its 200-day might change the sentiment to bullish.
The target price is set at 79.00.
The stop-loss price is set at 71.00.
Increase long exposure for a break above 75.00, which is close to its 61.8% Fibonacci retracement level.
The upward-trending Linear regression channel might hint at a bullish undertone.
Recently the stock corrected from the lower range of the Linear Regression channel pattern, which increased the likelihood of a mean reversion trade.
Earnings on 27 October remains a concern.
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.