The price has broken below the support area and bounced from 2.618 fib extension area of $94 - $90 . If that fib support fails, we are looking at $65 - $50 with little support around $80 area.
Judging from RSI being oversold, the stock may get a near term relieve bounce. This bounce will find resistance at $110.
Right now sitting on the sideline and watching how this plays out until reversal or bottom is found.
———————————————————
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.
Judging from RSI being oversold, the stock may get a near term relieve bounce. This bounce will find resistance at $110.
Right now sitting on the sideline and watching how this plays out until reversal or bottom is found.
———————————————————
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.
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。