Things to note:
- 21 SMA still curled down looking for bearish cross below 50 over next few days/early next week
- Gapped down @ open & below BF channel
- now has overhead resistance of 100SMA, BF channel & 50
- Price struggling to get back above 9SMA
- Bear target #1 Gap @ $286.69
- Bear target #2 Gap @ $275
- Bear target #3 re-test June low
All targets are assuming that we are headed down, which of course is an assumption.
Always manage risk, always DYOR.
Refer to my thoughts on todays CPI & how the FED could react for better understanding of how further downside could be possible.
- 21 SMA still curled down looking for bearish cross below 50 over next few days/early next week
- Gapped down @ open & below BF channel
- now has overhead resistance of 100SMA, BF channel & 50
- Price struggling to get back above 9SMA
- Bear target #1 Gap @ $286.69
- Bear target #2 Gap @ $275
- Bear target #3 re-test June low
All targets are assuming that we are headed down, which of course is an assumption.
Always manage risk, always DYOR.
Refer to my thoughts on todays CPI & how the FED could react for better understanding of how further downside could be possible.
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.