已更新
Exela is breaking out but has some resistance
Hello Friends!
IMO Exela's chart and the volume looks promising coming out of the falling wedge. Here's what I'm looking for Exela next....
- Exela needs to hold $.85 this week.
-The next major resistance that can be a major issue is $1.04
-There's a lot of traders in this that might take profits from yesterday's move.
A move to $1.04 might tire out (overbought territory on the daily) the Bulls and they might have to take a break. They should take some time to regroup in the $.90 - $1.04 zone.
Solid consolidation in that zone should fuel the next move to $1.34, $1.97, and so on. Keep those stops tight and watch those fib levels.
As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers!
IMO Exela's chart and the volume looks promising coming out of the falling wedge. Here's what I'm looking for Exela next....
- Exela needs to hold $.85 this week.
-The next major resistance that can be a major issue is $1.04
-There's a lot of traders in this that might take profits from yesterday's move.
A move to $1.04 might tire out (overbought territory on the daily) the Bulls and they might have to take a break. They should take some time to regroup in the $.90 - $1.04 zone.
Solid consolidation in that zone should fuel the next move to $1.34, $1.97, and so on. Keep those stops tight and watch those fib levels.
As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers!
註釋
Watching to see if it can bounce at $.55-$.60 (purple line). Then it needs to go back up to $.85 - $1.04 zone.註釋
Looks lie it's holding above the top of the falling wedge and consolidating. Will keep my eye on this.
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。
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。