📉 Overview:
Since early November, FSZ (Fiera Capital Corp.) has been in a clear downtrend, forming lower highs and lower lows. However, recent price action indicates consolidation near the $8.50 support level, forming a symmetrical triangle pattern on the 4-hour chart. This could signal a potential trend reversal.
Key Observations:
1. Symmetrical Triangle Pattern:
• FSZ is consolidating, with price action compressing toward an apex.
• A breakout above $9.00 could confirm bullish momentum.
2. Indicators Point to Recovery:
• RSI: Recovering from oversold territory, indicating easing bearish pressure.
• MACD: Showing signs of a bullish crossover, with diminishing bearish momentum.
• Volume: Low during consolidation. A breakout needs volume confirmation.
3. Moving Averages:
• FSZ remains below both the 50-day and 200-day moving averages. A breakout above these levels would validate a reversal.
Key Levels:
• Resistance: $9.00 (short-term), $9.50.
• Support: $8.50. A breakdown below this could target $8.00.
Price Projection:
• Bullish Case: Breakout above $9.00 could target $9.50 - $9.75.
• Bearish Case: Failure to hold $8.50 might lead to further declines, potentially testing $8.00.
FSZ is at a critical juncture. If the RSI recovery and MACD bullish signal align with a breakout above $9.00, it could indicate a trend reversal. However, caution is warranted without volume confirmation.
Disclaimer: This analysis is for informational purposes only and not financial advice. Please conduct your own research or consult a financial advisor before making investment decisions.
Since early November, FSZ (Fiera Capital Corp.) has been in a clear downtrend, forming lower highs and lower lows. However, recent price action indicates consolidation near the $8.50 support level, forming a symmetrical triangle pattern on the 4-hour chart. This could signal a potential trend reversal.
Key Observations:
1. Symmetrical Triangle Pattern:
• FSZ is consolidating, with price action compressing toward an apex.
• A breakout above $9.00 could confirm bullish momentum.
2. Indicators Point to Recovery:
• RSI: Recovering from oversold territory, indicating easing bearish pressure.
• MACD: Showing signs of a bullish crossover, with diminishing bearish momentum.
• Volume: Low during consolidation. A breakout needs volume confirmation.
3. Moving Averages:
• FSZ remains below both the 50-day and 200-day moving averages. A breakout above these levels would validate a reversal.
Key Levels:
• Resistance: $9.00 (short-term), $9.50.
• Support: $8.50. A breakdown below this could target $8.00.
Price Projection:
• Bullish Case: Breakout above $9.00 could target $9.50 - $9.75.
• Bearish Case: Failure to hold $8.50 might lead to further declines, potentially testing $8.00.
FSZ is at a critical juncture. If the RSI recovery and MACD bullish signal align with a breakout above $9.00, it could indicate a trend reversal. However, caution is warranted without volume confirmation.
Disclaimer: This analysis is for informational purposes only and not financial advice. Please conduct your own research or consult a financial advisor before making investment decisions.
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.