Price has been consolidating near the support level for a few days. The support level of $19.65 also represents Fib 0.618 level. If price breaks above the consolidation zone with Volume greater than Volume-21MA, we might see price moving to
27
which is also Fib 1.0 level. If the price breaks above
27
, we can see it moving to $38.65 (Fib 1.618).
If price breaks below, the support level of $ 19.74, next support level is $17.5.
Note:
Studies are for educational purposes only.
We will not be responsible for any of your Profits & Losses.
Please trade with a proper risk management strategy to avoid huge capital loss.
27
which is also Fib 1.0 level. If the price breaks above
27
, we can see it moving to $38.65 (Fib 1.618). If price breaks below, the support level of $ 19.74, next support level is $17.5.
Note:
Studies are for educational purposes only.
We will not be responsible for any of your Profits & Losses.
Please trade with a proper risk management strategy to avoid huge capital loss.
Comment:
HKEX:27 is ($27.0)