The last time this company had a crash, it shredded over 95% of its value... The same might happen again.
Let's take a look at some of the signals:
- Let's start by looking at Divergence, you can spot this marked with a light blue line on both the and . These divergences work strongly on conventional assets, they always confirm. We have divergence on both indicators.
- I marked a in purple which is also . You can expect the asset value to move a bit longer within the before breaking down; if it does. Probabilities are really high...
- EMAs are going to be challenged now, this is our main support (22.33).
- The is super .
- has dropped massive while price moving up.
- If you were to use this information to trade, a break and close above 28.45 would be a great stop loss. As for the way down, 13.62 can be your main target and more after/if this level breaks.
This one is about to crash really hard... Just like it is happening with Apple , Google , SPX , DJI and the rest.
Thanks a lot for reading.
If bac crashes, all banks will crash & this is purely caused caused by fundamental economic problems (debts, loans, bonds, employment rate, trade war, etc...)
TA doesn't cause the crash, it just helps you to see it coming.
We can clearly see it coming, just look at the chart above.
Thanks a lot for your comment.