As indicated on the first post, ATER elected to worst case scenario.
I see the range between 9.95 – 9.1 as a potential reversal range with three that was tested thus far on four different sessions and managed to protect the downsize, specifically with current low volumes on daily sessions.
Breaking 9.0 with volumes would indicate the best next support level would be around 7.0-6.7; should that happen on a quick note and followed by massive reversal, I would say this is heading towards testing the local downtrend (dotted great line).
I see weak volumes and no fundamentals support for current sentiment. Technically indicators show exhaustion on the downside given low volumes, and it is hitting reference support area of the previous post.
Company ER expected in two weeks and that might bring some changes to sentiment, and from now to then I believe volitility would remain the case.
I do believe that trading below current levels would cancel all mid-term positivity, unless fundamentals change. As such, I think this is a reversal day/range for this week.
This is a very dangerous play, with extreme up/down side. So validated before any action.
I see the range between 9.95 – 9.1 as a potential reversal range with three that was tested thus far on four different sessions and managed to protect the downsize, specifically with current low volumes on daily sessions.
Breaking 9.0 with volumes would indicate the best next support level would be around 7.0-6.7; should that happen on a quick note and followed by massive reversal, I would say this is heading towards testing the local downtrend (dotted great line).
I see weak volumes and no fundamentals support for current sentiment. Technically indicators show exhaustion on the downside given low volumes, and it is hitting reference support area of the previous post.
Company ER expected in two weeks and that might bring some changes to sentiment, and from now to then I believe volitility would remain the case.
I do believe that trading below current levels would cancel all mid-term positivity, unless fundamentals change. As such, I think this is a reversal day/range for this week.
This is a very dangerous play, with extreme up/down side. So validated before any action.
