Hello Traders!
Today’s chart update will be on CURALEAF HOLDINGS which is testing its local support where a bounce is probable.
Points to consider,
- Clear equilibrium
- Local support at .50 Fibonacci
- RSI testing support
- Stochastics in lower regions
- MA’s supporting price
CURALEAF is travelling between two clear supports and resistances closing in on its apex, where a breakout is imminent.
Local support is in confluence with the .50 Fibonacci level, signalling that a bounce is probable, confirming the S/R flip.
The RSI is testing its trend line that must hold, a break will increase the likely hood of CURALEAF breaking structural support. The Stochastics is currently in the lower regions, lots of stored momentum to the upside.
Overall, in my opinion, a bounce back to resistance is probable only if the oscillators respect their current supports and lower regions.
What are your thoughts?
Please leave a like and comment,
And remember,
“The expectation that you bring with you in trading is often the greatest obstacle you will encounter.”
― Yvan Byeajee
Today’s chart update will be on CURALEAF HOLDINGS which is testing its local support where a bounce is probable.
Points to consider,
- Clear equilibrium
- Local support at .50 Fibonacci
- RSI testing support
- Stochastics in lower regions
- MA’s supporting price
CURALEAF is travelling between two clear supports and resistances closing in on its apex, where a breakout is imminent.
Local support is in confluence with the .50 Fibonacci level, signalling that a bounce is probable, confirming the S/R flip.
The RSI is testing its trend line that must hold, a break will increase the likely hood of CURALEAF breaking structural support. The Stochastics is currently in the lower regions, lots of stored momentum to the upside.
Overall, in my opinion, a bounce back to resistance is probable only if the oscillators respect their current supports and lower regions.
What are your thoughts?
Please leave a like and comment,
And remember,
“The expectation that you bring with you in trading is often the greatest obstacle you will encounter.”
― Yvan Byeajee