Calls are paying off, and the momentum looks promising.
The price has the potential to reach a significant resistance zone between $8.00 to $8.50.
Why is this level crucial? It's because $8.00 - $8.50 represents the convergence of several resistance factors:
1. Head and Shoulder neckline resistance.
2. 50-day moving average resistance.
3. Point Of Control resistance.
4. Upper trendline resistance.
To reach to the maximum measured move of $9.80 from the channel breakout, the price must overcome this resistance. 🙏
Upside Price targets:
$8.00
$8.50
$9.80
Downside Risk:
$6.00
The price has the potential to reach a significant resistance zone between $8.00 to $8.50.
Why is this level crucial? It's because $8.00 - $8.50 represents the convergence of several resistance factors:
1. Head and Shoulder neckline resistance.
2. 50-day moving average resistance.
3. Point Of Control resistance.
4. Upper trendline resistance.
To reach to the maximum measured move of $9.80 from the channel breakout, the price must overcome this resistance. 🙏
Upside Price targets:
$8.00
$8.50
$9.80
Downside Risk:
$6.00
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
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.
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
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.