On the weekly chart, we are approaching a few key levels of support. If we break the 2nd level of support along with a moving average cross and and RSI value below 40, we will be longer term bearish.
Things to look for:
Good Luck!
Things to look for:
- 1st level of support between $400-$415
- 2nd level of support between $360-$395
- Potential spike lows between $275 (level of support) -$320 (786 Fib retracement)
- Moving Average 21 weeks getting close to crossing 50 week moving average. If this crosses, longer term bear market.
- RSI reaching a level of support at 40
Good Luck!
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