XERO is shaping up nicely for a short-term trade setup. Last week’s price action printed a bullish hammer on elevated volume, right at the yearly pivot—a key technical level. This zone also aligns with the previous all-time high, reinforcing it as a strong support area.
If momentum holds, a logical take-profit target would sit just below the ATH. However, should price retrace further, attractive buying opportunities may emerge in the 143–129 range. That’s a scenario worth watching, but we’ll cross that bridge if it comes.
If momentum holds, a logical take-profit target would sit just below the ATH. However, should price retrace further, attractive buying opportunities may emerge in the 143–129 range. That’s a scenario worth watching, but we’ll cross that bridge if it comes.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.