ViaSat has been trading in a multi year falling wedge. Assuming it bottomed at 15,
It’s forming a potential breakout of upper boundary at around 40 in the next few months
Tactically, if it holds 27.30 - 27.50, which is fibo .38 retracement level of this year freefall wave
it may test the next resistance at 31+. More broadly, looking at multi year
downtrend - it has developed both MACD and RSI convergence patterns,
and unlike the entire market, both are not yet in overbought territory.
Going fwd, I will be looking at somewhere around 47, guessing it to be a neckline of Inverse H&S.
It’s forming a potential breakout of upper boundary at around 40 in the next few months
Tactically, if it holds 27.30 - 27.50, which is fibo .38 retracement level of this year freefall wave
it may test the next resistance at 31+. More broadly, looking at multi year
downtrend - it has developed both MACD and RSI convergence patterns,
and unlike the entire market, both are not yet in overbought territory.
Going fwd, I will be looking at somewhere around 47, guessing it to be a neckline of Inverse H&S.
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.