The stock has been dropping with seeming no strong support.
122 area has held 2 times previously.
With RSI being oversold and been for a while, it could be that the support area could hold.
Entry - 122 - 123
Exit - 135
Stop loss - 120
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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.
122 area has held 2 times previously.
With RSI being oversold and been for a while, it could be that the support area could hold.
Entry - 122 - 123
Exit - 135
Stop loss - 120
———————————————————
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.