Hi traders! Buy Celltrion!
36359/161.80% or fibo fan line 61.80% will work as a support.
1790/161.80% or fibo fan line 78.69% will work as a support.
EN1 : 2177 EN2 : 2217 TP1 : 2177 TP2 : 2122 TP3 : 2067 SL : 2257
TP1 : 2065 TP2 : 2038 SL : 2150
EP : 39500 TP1 : 40500 TP2 : 41500 SL : 39000
bottom line forecast by 4 types EP 1 : 36.5 EP 2 : 35.5
1. MA resistance 2. Fibonacci level 3. RSI under 30 I'm not saying "Short" or "Long". I'm just studying analysis.
Market structure is setup for a probable big move down on the KOSPI alongside other world markets currently dropping heavily.
On the left we can see a solid bear flag with a breakout AND a successful rejection from the former support. However, when we zoom in on the right, we can see there might be something else going on here. We have a small H&S which seems to be failing already with a good bounce up already. If that red zone breaks it could be a first sign. If the red on the left...
Bear flag could target 2 supports down if the next support breaks down.
We are at historic support.If we break and close below all or even 2 of the parallel lines,its over.
Huge triangle with a support line through it.Will it break out or break down?Seems should very well do either early 2019. Economy fundamentals should likely be the factor here with this cyclical stock.Any opinions or advice here is welcome!
Clearly Celltrion chart is forming rising wedge period. As long as the price is in the trend line the trend is in bullish. But between 50%-70% area is the key that market may shift to other direction. If price bounce at support line with high volume, price would like to go 370000 won. Probably price will have difficult time breaking ATH within short amount of...