Potential Target Levels
If bullish momentum continues:
First target: $60.09 (minor resistance before 0.382 Fib)
Second target: $64.51 (Fib 0.382 + close to SMA 20)
Third target: $74.89 (Fib 0.5, major resistance zone)
Extended target: $86.93 (Fib 0.618)
If bearish reversal occurs:
Support 1: $53.64 (Fib 0.236 + SMA 100)
Support 2: $50.70–$49.99 (SMA 50 zone)
Support 3: $41.20 (recent swing low)
Given the monthly chart setup, a close above $60.09 with volume could open the door for $64.50+ as the next leg up. But if it fails to hold $53.60, downside pressure may retest the $50 area.
If bullish momentum continues:
First target: $60.09 (minor resistance before 0.382 Fib)
Second target: $64.51 (Fib 0.382 + close to SMA 20)
Third target: $74.89 (Fib 0.5, major resistance zone)
Extended target: $86.93 (Fib 0.618)
If bearish reversal occurs:
Support 1: $53.64 (Fib 0.236 + SMA 100)
Support 2: $50.70–$49.99 (SMA 50 zone)
Support 3: $41.20 (recent swing low)
Given the monthly chart setup, a close above $60.09 with volume could open the door for $64.50+ as the next leg up. But if it fails to hold $53.60, downside pressure may retest the $50 area.
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.
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.