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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.