WING - Pivot and dip of ascending channel
Since August 2023, WING has been moving within a rising channel. Yesterday it tested the bottom once again. Let's see if there will be an upward movement from here or will the channel it has been in for 6 months become disabled?
Pivots are very successful indicators and we are currently waiting where buying and selling are in balance. The $7.86 level is crucial on a weekly basis. The first resistance we will encounter with a close above is the $11.78 level. It will not be surprising to see $23 levels with closings above $11.78.
Pivots are very successful indicators and we are currently waiting where buying and selling are in balance. The $7.86 level is crucial on a weekly basis. The first resistance we will encounter with a close above is the $11.78 level. It will not be surprising to see $23 levels with closings above $11.78.
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