WERELDHAVE 1H Long - Retest on FIB 0.382 and exponential curve
Hi guys, here's a short technical analysis on WHA. We got some good gains today on Wereldhave as for the last few hours we went down again to a retest on FIB 0.382. Notice the upward curve is also still there, so we might have some support from the growing stock of the past few days.
As thing look now considering the growth of the last few days, tomorrow will be good one and hopefully the exponential curve will provide us with enough support to go up until FIB 0.55 or even 0.618! Moving averages look positive, the market is gaining strength again and recovering from COVID-19. To calculate risk we might be dropping down to 10.700 touching the 20MA but I wouldn't expect a drop much lower than that.
Trade safe, stay safe!
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I'm purely a beginner in technical analysis. Please hit like, follow or place a comment if you wish.
Any of your feedback is my motivation to keep going and to learn more about Technical Analysis!
As thing look now considering the growth of the last few days, tomorrow will be good one and hopefully the exponential curve will provide us with enough support to go up until FIB 0.55 or even 0.618! Moving averages look positive, the market is gaining strength again and recovering from COVID-19. To calculate risk we might be dropping down to 10.700 touching the 20MA but I wouldn't expect a drop much lower than that.
Trade safe, stay safe!
_____________________________________________________________________________________
I'm purely a beginner in technical analysis. Please hit like, follow or place a comment if you wish.
Any of your feedback is my motivation to keep going and to learn more about Technical Analysis!
Comment:
Today we dropped down to the 20MA which is the risk we calculated yesterday. If the upward channel continues later today or tomorrow, we might be hitting 13.00.
Comment:
Corrected 60MA to 180MA
Comment:
Short-term analysis on the 5M timeframe. 20MA crossed the 60MA yesterday and has now crossed the 180MA as well. Wait for the correction wave to end somewhere in the next few hours when the 20MA goes flat again, or touches the lower ascending trendline.
