Price has made a 52 week low and is at previous swing lows.
Failure to hold onto these levels could see the stock target the R16-R18 zone.
The 52-week low in trading refers to the lowest closing price of a stock or any other security during the last 365 days. It’s a technical indicator used by traders and investors to analyze a stock’s current value and predict its future price movement. The 52-week low is often viewed as a support level that traders can use to make trading decisions. If a stock’s price falls below its 52-week low, it might be a signal for some traders to sell.
Failure to hold onto these levels could see the stock target the R16-R18 zone.
The 52-week low in trading refers to the lowest closing price of a stock or any other security during the last 365 days. It’s a technical indicator used by traders and investors to analyze a stock’s current value and predict its future price movement. The 52-week low is often viewed as a support level that traders can use to make trading decisions. If a stock’s price falls below its 52-week low, it might be a signal for some traders to sell.