Hi Friends,
It has been a heavy lose in the market, hope you HODL strong and make profits soon.
A quick idea on a 12 hour chart for SXP the up bullish trend (Trend) and strong support line (S1) line has been tested and we have rejected from this point, if we maintain this support we can see a quick recovery with in the next few days to a week (Green). If we fail to hold this support, a possible drop to the second support is possible (S2). I do not think it will drop any further than this, I actually think its more likely that we will respect the upward trend line and bounce upwards.
Do let me know what you think or and comments good or bad will be appreciated.
Keep save traders.
It has been a heavy lose in the market, hope you HODL strong and make profits soon.
A quick idea on a 12 hour chart for SXP the up bullish trend (Trend) and strong support line (S1) line has been tested and we have rejected from this point, if we maintain this support we can see a quick recovery with in the next few days to a week (Green). If we fail to hold this support, a possible drop to the second support is possible (S2). I do not think it will drop any further than this, I actually think its more likely that we will respect the upward trend line and bounce upwards.
Do let me know what you think or and comments good or bad will be appreciated.
Keep save traders.