I like the double bottom that happened in May and July in the $16.50 range and the test of 22.50 that failed but made a higher low.
Coming off the higher low the price has moved steadily up the fibonacci scale and current candle closed above the POC line (ytd)
I am looking for a break and close above the descending trendline to go long. $22.10 may give some resistance and $22.58 is the key level. A break of this level will avoid a multiple top, which would be bearish in the short term as it would likely cause a significant retracement.
Targeting: $23.40, $27.18 in the short term.
Coming off the higher low the price has moved steadily up the fibonacci scale and current candle closed above the POC line (ytd)
I am looking for a break and close above the descending trendline to go long. $22.10 may give some resistance and $22.58 is the key level. A break of this level will avoid a multiple top, which would be bearish in the short term as it would likely cause a significant retracement.
Targeting: $23.40, $27.18 in the short term.
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Penerbitan berkaitan
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.