CURALEAF HOLDINGS| Local Support| Equilibrium| Bounce Probable

Hello Traders!

Today’s chart update will be on CURALEAF HOLDINGS which is testing its local support where a bounce is probable.

Points to consider,
- Clear equilibrium
- Local support at .50 Fibonacci
- RSI testing support
- Stochastics in lower regions
- MA’s supporting price

CURALEAF is travelling between two clear supports and resistances closing in on its apex, where a breakout is imminent.

Local support is in confluence with the .50 Fibonacci level, signalling that a bounce is probable, confirming the S/R flip.

The RSI is testing its trend line that must hold, a break will increase the likely hood of CURALEAF breaking structural support. The Stochastics is currently in the lower regions, lots of stored momentum to the upside.

Overall, in my opinion, a bounce back to resistance is probable only if the oscillators respect their current supports and lower regions.

What are your thoughts?

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And remember,

“The expectation that you bring with you in trading is often the greatest obstacle you will encounter.”
― Yvan Byeajee