key notes:
3 consecutive bearish candles spread from a high of 6.71 which was last rejected dring the month of 2025 and so far 3 months have passed since price deviated from its peak.
monthky RSI at the time of its peak was roughly 75 or above 70 which may be considered overbought profits being taken.
current monthly rsi is above 50 the stock is neither overbought or oversold, is it safe to say fair value remains above a low of 2.79 which during the month of early April 2025 price dipped .
the current monthly rsi has a wide gap from the rsi moving average
the macd is neutral and not bold no indication on a month to month basis price action is bearish
current support i believe is around 3.83 a deeper level short term would be 3.44
12% downside from current closing price of 3.97USD
current resistance short term could be a moderate low 4 est 4.11
attached is the weekly timeframe and in the short term since bouncing from 2.79 in early APRIL price has been in a slight rise in line with the overall trend line as drawn in the left image
weekly rsi is above 50 the stock is not either oversold or overbought
price is at a significant neck line trend line looks pretty good for its next leg up
3 consecutive bearish candles spread from a high of 6.71 which was last rejected dring the month of 2025 and so far 3 months have passed since price deviated from its peak.
monthky RSI at the time of its peak was roughly 75 or above 70 which may be considered overbought profits being taken.
current monthly rsi is above 50 the stock is neither overbought or oversold, is it safe to say fair value remains above a low of 2.79 which during the month of early April 2025 price dipped .
the current monthly rsi has a wide gap from the rsi moving average
the macd is neutral and not bold no indication on a month to month basis price action is bearish
current support i believe is around 3.83 a deeper level short term would be 3.44
12% downside from current closing price of 3.97USD
current resistance short term could be a moderate low 4 est 4.11
attached is the weekly timeframe and in the short term since bouncing from 2.79 in early APRIL price has been in a slight rise in line with the overall trend line as drawn in the left image
weekly rsi is above 50 the stock is not either oversold or overbought
price is at a significant neck line trend line looks pretty good for its next leg up
infamousnicone
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.
infamousnicone
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.