As long price struggles at this levels, bulls are showing weak fight but up 25% from Feb low is not bad at all. Now will price hold 50DMA at $69.50? The chance that can happen is increasing now but at $68.3 area there is a good trade for upside if price gives up at this level. Trade less, save more!
Bulls need to take this from Feb low to 38.2% which will give some relief for the bulls but downside risk is higher than upside risk so if price manages to push that level and fails, don't hesitate to take your chance! Trade less, and save more!
The bears are having a hard time to remain in a full control and bulls keep coming back and have shown some strength last few sessions despite the market confusion. Keep an eye on $98.75 or $100. Trade less, save more!
No doubt that bulls have shown some strengths last few sessions and didn't give up but also bears had tried their best to ambush the bulls and market didn't help them to reclaim the lost glory $98.50. Now, keep an eye if price can hold middle point $101.55 with possible upside target $107.5 for upside target and $95 downside target
The bears looks winning the fight at and around $202 which is where the bulls will have a full control if the manage to close above it but so far that fight is a losing battle. Now the bears need to prove that they can close below $1993.3 area in order to reverse the recent uptick trend. Trade less, save more!
Last time price was over its 100DMA was May last year n probably we may see that happen sometime in May this year but now it looks we will not touch it but head back to Feb low. This is another indication that recent rally in the market was fake and may not last that long
Friday's close at 1,999.99 gives chart watchers a reason to believe that market will pull back to at least 50DMA if not 61.8% FIB 1,927.2 zone. Follow me if you want to get a real market actions next few months. Trade less and save more!
Price had nice run up from Feb low and now facing a tough wall to crack if price wants to go higher. $101 is the first level to watch and $105/$106 where u will have first opportunity to short with conviction if it fails to hold. Trade less and save more!
What was an ugly chart turned to be one of the best chart to find in the market. 6-Days ago we looked into the chart find that price was ready to crash 50DMA and bulls needed to prove they can take above $9.20 and head to 200-DMA which they completed that task today. Not the time to buy now but to wait for a pull back if you are no in already this trade. Still it...
Citron has its impact on the price but also well watched 50DMA failed to hold that resistance now is crucial for bulls to prove it can close above it and head next major battle before they give up at and around $231. We prefer shorting at $195 area if next push tries to reclaimed that level. Trade less n save more.
If u are long time to consider to take profit but if you are planning to short give another chance to see if price can push above $102 which will confirm the bottom being printed or start shooting from there or below $90 for a target price $70. Good luck!
Traders panic and hit the sell button without thinking. Of course, the learning was not as good as many hoped but 23% drop is not justified and still can go even another 10% from that AH low. Will bet at 50wma %10.03 area and hold a few months to see if it can double which is very likely.
Recent 35% gain was not a joke and still remains bullish to me but earning is coming in 7-days and everything can fall apart and take us back to Feb low but that shouldn't scare us to exit this position but scale it down.