This chart has many trend lines which may be hard to follow. Most of these are support and resistance lines. A few of them that have not had two peaks are unconfirmed which means breaking through them is more likely. Each line has a parallel to form a trend channel.
519 is possible support line, but hasn't been tested much. 553 support has been tested at least 4 times so that is strong level to break. Be watchful when it does break for long enough it will act as strong resistance. 582 has switched from support to resistance and may continue to do so.
The trend line that confirmed 4 times will be the strong resistance and would not be surprised to see movement down to 555.
The Stoch RSI, leading indicators, has gone above 80 for the second time. Being this high in this territory means there will be a downward trend. Stoch RSI has given a possible SELL signal. Wait for it to cross 50 to confirm.
ATR (Average True Range) has had two low points. A low ATR reading signals that the top is near and downward trend will start soon. As you can see the high point on the ATR signaled a stop in the downward trend.
MACD looks to be at the highest point that it will ever be for now. I expect it to start dropping and give a SELL signal soon. Crossover soon...
Bearish Target: 555
Bullish Target: 617
Extreme Bear Target: 522
Extreme Bull Target: 637
Targets have ± 4 accuracy.
Price range for next few days down: 562-555
Up: 620-613
Time frame for these is no later then the end of the month.
519 is possible support line, but hasn't been tested much. 553 support has been tested at least 4 times so that is strong level to break. Be watchful when it does break for long enough it will act as strong resistance. 582 has switched from support to resistance and may continue to do so.
The trend line that confirmed 4 times will be the strong resistance and would not be surprised to see movement down to 555.
The Stoch RSI, leading indicators, has gone above 80 for the second time. Being this high in this territory means there will be a downward trend. Stoch RSI has given a possible SELL signal. Wait for it to cross 50 to confirm.
ATR (Average True Range) has had two low points. A low ATR reading signals that the top is near and downward trend will start soon. As you can see the high point on the ATR signaled a stop in the downward trend.
MACD looks to be at the highest point that it will ever be for now. I expect it to start dropping and give a SELL signal soon. Crossover soon...
Bearish Target: 555
Bullish Target: 617
Extreme Bear Target: 522
Extreme Bull Target: 637
Targets have ± 4 accuracy.
Price range for next few days down: 562-555
Up: 620-613
Time frame for these is no later then the end of the month.