Simple project with potential support and resistance levels projected in time, with the main scenario considering the destination of the blue rectangle in case of some good earnings report after a bearish correction, while the second scenario being about a slow linear climb on the gray ladder levels even before earnings.
The trading idea is only meant to be considered if relevant events and price action (like candlestick patterns or signals) occur coincidently at the marked levels or shapes.
Also in case of a sudden shift in sentiment, the reverse can be regarded as a valid scenario, meaning a bearish mood for the stock, if a retest happens at any of the elements in the project.
The trading idea is only meant to be considered if relevant events and price action (like candlestick patterns or signals) occur coincidently at the marked levels or shapes.
Also in case of a sudden shift in sentiment, the reverse can be regarded as a valid scenario, meaning a bearish mood for the stock, if a retest happens at any of the elements in the project.
Comment:
Almost touched the 165 level with a strong rebound. Past the second level. Could be heading for 183 3rd level one way or another.
