MA is at the bottom of a double top trend and now it looks for a nice move
- The gravestone Doji at the bottom of the trend signifies a reversal
+ Where the Doji was the RSI was at its lowest which is another indicator of a reversal
- The fast moving MACD (5,35,5) line just crossed the signal line
- MA typically uses the midline of the pitchfork as a level of resistance
+ The midline + fibonacci extension estimate the resistance point would be around 378
+ The pitchfork estimates that MA would reach this point around September 22
5 hours ago
Comment: If MA falls then this is its support level
- If MA continues to trend up: entry $353
- If MA drops: entry $348.31, $346.69
- Stop Loss: $344
- The gravestone Doji at the bottom of the trend signifies a reversal
+ Where the Doji was the RSI was at its lowest which is another indicator of a reversal
- The fast moving MACD (5,35,5) line just crossed the signal line
- MA typically uses the midline of the pitchfork as a level of resistance
+ The midline + fibonacci extension estimate the resistance point would be around 378
+ The pitchfork estimates that MA would reach this point around September 22
5 hours ago
Comment: If MA falls then this is its support level
- If MA continues to trend up: entry $353
- If MA drops: entry $348.31, $346.69
- Stop Loss: $344
Nota
MA ended the week on a bearish engulfing candle. On September 13, the support level is at $344.50. The monthly and weekly chart shows reversal patterns (doji and hammer), so MA should near resistance around thursday/friday
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.