GOOD MORNING,
Today, there are several indicators for the X stock, and all of these indicators say that there is a rise in the coming days, so I think it is good to buy now.
First, we are above the VWAP and above the resistance, so we are a little protected, especially since they are resistances related to days,
Second, the 4EMA indicator is in the correct order...
Using the basics trendline analysis for X we can see that We are in a bullish channel. At least the security be close to 26.25.
However, in the last three days, we can see a Key Reversal that is pushing the price to channel support.
A price to start accumulating this security is around 21.06 which is near 10% of losses and near the support of 20.43
chart-art shows POSSIBLE uptrend , green trend-line means bullish . Over the red fibo Level can_be 🐂, & under will be bearish Short to midterm .
~~N0 arrows. ~~ N0T trading Advise either +dyor
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that,...
Daily Chart Report
X looks like it is slowly rolling over. The chart is neutral leaning negative at the current moment. I also want to point out that it did close with increasing volume below the 200D SMA today which is a bearish signal.
The growth sell off has made way for other sectors to shine. $X above $26 could provide a great long opportunity for a swing to the Wave 3 target at 1.618 extension ($33)
Support: $24.00
Resistance: $26.00, $28.00
We have first signs of reversal on the MACD following yesterdays light green bar. Would like to see a LOD break from yesterdays chart for continuation which we are not too far from.
chart-art shows POSSIBLE uptrend , green trend-line means bullish . Over the red fibo Level can_be 🐂, & under will be bearish Short to midterm .
~~N0 arrows. ~~ N0T trading Advise either +dyor
Can see $X gapping down and falling until support at $16 range with their next earnings.
Triple top (might be stretching it), definite double top with a descending triangle.
