ALL has shown a strong support around 103-106 range. Neckline is around the 116-119 consolidation range. RSI showing a consistent patter also for these levels on the weekly chart. Past RSI oversold 7 times in 7 years almost once every year except 2022.
Anticipating a retest to the 103 area if we fall back below 107- 105.50. If we get to 115 area we could easily keep moving up consolidation points 115, 119. Above neckline of 119 range we could continue to 128-131.
I am interested in 110-115 call dating out August 18th and so forth if we hold a consistent support.
Thoughts?
Anticipating a retest to the 103 area if we fall back below 107- 105.50. If we get to 115 area we could easily keep moving up consolidation points 115, 119. Above neckline of 119 range we could continue to 128-131.
I am interested in 110-115 call dating out August 18th and so forth if we hold a consistent support.
Thoughts?