Currently resting on a support area around $181. If current support failed, the stock could drop to $141 which is a gap area it left behind last year. In that case a quick gap fill around $129 is possible.
Bull case - $181 support hold and price consolidate or reverse.
Bear case - the price fall through $181 and fill the gap around $129
Which will it be? Time will tell. Whats lacking right now is clear case of bottoming or reversal pattern. Watching from sideline.
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
Bull case - $181 support hold and price consolidate or reverse.
Bear case - the price fall through $181 and fill the gap around $129
Which will it be? Time will tell. Whats lacking right now is clear case of bottoming or reversal pattern. Watching from sideline.
———————————————————
How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。