This chart and analysis are not financial advice. Do your own research before trading or investing.
01. SLTL has recently achieved a significant breakthrough from a long-standing triangle pattern, marked by a substantial bullish candle and a notable surge in trading volume compared to the average. Moreover, it successfully surpassed both TL #1 and TL #2, overcoming the 50-day moving average resistance.
02. The convergence of TL #1 and TL #2 is expected in the range of Support 89.00-92.00, providing immediate support for SLTL. This area will serve as a confluence point for the two trendlines.
03. In terms of the RSI indicator, TL #1 may function as the initial line of support.
04. Currently, the primary resistance level stands in the range of 98.00-100.50.
01. SLTL has recently achieved a significant breakthrough from a long-standing triangle pattern, marked by a substantial bullish candle and a notable surge in trading volume compared to the average. Moreover, it successfully surpassed both TL #1 and TL #2, overcoming the 50-day moving average resistance.
02. The convergence of TL #1 and TL #2 is expected in the range of Support 89.00-92.00, providing immediate support for SLTL. This area will serve as a confluence point for the two trendlines.
03. In terms of the RSI indicator, TL #1 may function as the initial line of support.
04. Currently, the primary resistance level stands in the range of 98.00-100.50.