Price action has spent months forming a solid bottom and looks to be making the first moves of a breakout.
The Chikou span is up crossing price action, which generally precedes a breakout.
Senkou span is acting as support, aligned with our first support zone.
I would expect the price action to retest and possibly even break down under the first supply zone.
However, I do not see the case for price action retesting it's bottom unless new information came to light that would have material effects on the company going forward.
This is only a price analysis, and as always, Trade Safe!
The Chikou span is up crossing price action, which generally precedes a breakout.
Senkou span is acting as support, aligned with our first support zone.
I would expect the price action to retest and possibly even break down under the first supply zone.
However, I do not see the case for price action retesting it's bottom unless new information came to light that would have material effects on the company going forward.
This is only a price analysis, and as always, Trade Safe!
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Penafian
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Join The Spekre ACS Creator Pool and gain access to exclusive trading indicators, copy trading, exclusive content, and more tools in the future! Link: hub.accessprotocol.co/creators/J8TpW6cypxheFUYjWn4mxS6ExvBEMxyMiRvrf43Nhnvy
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.