Some conflicting pieces of information here from my point of view.
On the Long-side:
1. Ascending Triangle (Purple Box & Hashed line) - often considered a bullish pattern
2. Convergence of 20 & 50 ema (Orange + Purple) - watching for a cross as a bullish signal
3. Strong fundamentals and DCF indicating an under valuation
On the Short-side:
1. Bearish convergence when considered with Stochastic oscillator (purple hashed)
2. Loss of momentum also indicated on MACD indicator (not show)
3.
4. In an industry/sector that most would agree is (and is going to continue) struggling
- Local Resistance ~$120
- 200 ema Support over last ~5 weeks (and trendline)
Watching for a breakout/close above $120.6 or below 200 ema (or hashed purple trendline)
Interested to hear your thoughts.
*Not financial advice*
On the Long-side:
1. Ascending Triangle (Purple Box & Hashed line) - often considered a bullish pattern
2. Convergence of 20 & 50 ema (Orange + Purple) - watching for a cross as a bullish signal
3. Strong fundamentals and DCF indicating an under valuation
On the Short-side:
1. Bearish convergence when considered with Stochastic oscillator (purple hashed)
2. Loss of momentum also indicated on MACD indicator (not show)
3.
4. In an industry/sector that most would agree is (and is going to continue) struggling
- Local Resistance ~$120
- 200 ema Support over last ~5 weeks (and trendline)
Watching for a breakout/close above $120.6 or below 200 ema (or hashed purple trendline)
Interested to hear your thoughts.
*Not financial advice*
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.