$WAN Buy Opportunity
WAN
Green area is buy zone for me, all the way down to the 0.618 fib level. Notice the huge green candle outlined in blue? The larger the candle it takes to break a support or resistance level, the stronger that level is. The resistance in that area was very strong, then 5-6 candles later it was immediatly tested as support. IMO this level will hold as support once again.
- Decreasing volume indidcating that sellers are depleting.
- RSI nearing oversold.
- 1st target price is in blue, along with other upper fib levels.
Green area is buy zone for me, all the way down to the 0.618 fib level. Notice the huge green candle outlined in blue? The larger the candle it takes to break a support or resistance level, the stronger that level is. The resistance in that area was very strong, then 5-6 candles later it was immediatly tested as support. IMO this level will hold as support once again.
- Decreasing volume indidcating that sellers are depleting.
- RSI nearing oversold.
- 1st target price is in blue, along with other upper fib levels.
Penafian
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