COLG is in accumulation phase on daily chart, it might go upward in the coming days. if it breaks the supports then it might fall more below.
1. Price is following a downtrend through the channel. 2. Price successfully retraced from the previous low highlighted green zone. 3. Expected formation cup and handle.
In a weekly timeframe analysis, the price maintains its support level of 1300, while the MACD bearish histogram indicates a weakening trend. A pullback from this support zone is anticipated. The initial resistance is situated around 1500, followed by a secondary resistance near 1700. It is advisable to implement a stop loss strategy below 1250 in the event of a...
COLG is currently moving in range after hitting All Time High, it is consolidating currently, however be cautious, as this could potentially be a distribution phase also. Hence, wait for a breakout either to the upside or downside. Targets are mentioned on the chart.