A bullish trend is applicable above 206.00 Further bullish confirmation for a break above 216.00 The target price is set at 224.00. The stop-loss price is set at 202.00. An incomplete bullish megaphone pattern is busy developing. Furthermore testing its 200-day simple moving average as well as its 23.6% Fibonacci retracement level.
A price action above 12800 supports a bullish trend direction. Further bullish confirmation for a break above 13000. The target price is set at 13300. The stop-loss price is set at 12600. The price action remains close to its 23.6% Fibonacci retracement level, which might act as some key support. Bullish divergence is also notable. Remains a risky trade.
The price action is at the top of wave 5 out of the Elliott wave analysis. Furthermore, the overbought classification supports the fact of a temporary correction that might be on the table. Might we see a correction unfolding back to this 23.6% Fibonacci retracement? This level is around $89. This level overlaps with the black dotted trendline.
Notice how the price action is testing: 1. Its 200-day simple moving average. 2. The resistance trendline through the tops. 3. Its 23.6% Fibonacci retracement level. 4. Also the upper range of the declining channel pattern (see the dotted trendline). 5. Building on higher lows (see the blue support trendline). Might we see a break to the upside?
A price action above 18.95 supports a bullish trend direction. Increase long exposure for a break above 19.25. However, the ideal entry is close to the 50% Fibonacci retracement level. The target price is set at 19.60. The stop-loss price is set at 18.65. Remains a risky trade.
A price action below 57.00 supports a bearish trend direction. Further bearish confirmation for a break below 56.60. The target price is set at 55.00. The stop-loss price is set at 58.00. Wave analysis suggests a couple of alternatives. The price action was corrected from overbought territory. Remains a very risky trade.
A price action above 55.50 supports a bullish trend direction. Further bullish confirmation for a break above 57.00. The target price is set at 58.50 (200-week simple moving average). Also just above the mean of the linear regression channel pattern. The stop-loss price is set at 54.40 (lower range of the linear regression channel pattern).
A price action above 9300 supports a bullish trend direction. Further bullish confirmation for a break above 9750 (38.2% Fibonacci retracement level). The target price is set at 10050 and then 10500. The stop-loss price is set at 9300. Corrected from oversold territory (see the lower panel).
A price action above 1700 supports a bullish trend direction. Further bullish confirmation for a break above 1750. The target price is set at 1800. The stop-loss price is set at 1650. Remains just above its 23.6% Fibonacci retracement level.
A price action above 15900 supports a bullish trend direction. Further bullish confirmation for a break above 16400. The target price is set at 16700. The stop-loss price is set at 15800. The grey shaded area created a range trading setup. Remains a risky trade.
A price action above 1.7270 preference ANH to outperform BTI. The target price is set at 1.7880. Its 50% Fibonacci retracement level. The stop-loss price is set at 1.6725. Remains above its 200-day simple moving average, confirming a natural bias for ANH to outperform BTI.
A price action above its 200-day is building a base. Hence, a price action above 3200, supports a bullish trend direction. Further bullish confirmation for a break above 3300. The first target is at 3400. The second target is at 3300. Stop-loss is at 3200 and then 3100. A MACD bullish crossover (see the lower panel) might trigger such upside potential.
A price action above 4000 supports a bullish trend direction. Starting to counter-test some major resistance (now support). The target price is set at 4400. The stop-loss price is set at 3900. It will appear that the 200-week acted as some major support. Remains a risky trade.
A price action above 24500 supports a bullish trend direction. Further bullish confirmation for a break above 25500. The target price is set at 26600, almost the 100% Fibonacci retracement. The stop-loss is set at 23600. A concern remains the complex correction pattern that is unfolding.
A price action above 5700 supports a bullish trend direction. Further confirmation for a break above 5900. The target price is set at 6100. The stop-loss price is set at 5600. Upside price momentum supports the bullish trend direction.
A price action below 27700 supports a bearish trend direction. Increase short exposure for a break below 27200. The target price is set at 24200 (38.2% Fibonacci retracement level). The stop-loss price is set at 31000. Corrected from overbought territory. Remains a risky trade.
A price action above 15000 supports a bullish trend direction. Further bullish confirmation for a break above 15600. The target price is set at 16000. The stop-loss price is set at 15000. The current price action is regarded as a counter-trend relief rally. Breaking above 16000 might change the trend to bullish longer-term.
A price action above 106100 supports a bullish trend direction. Further bullish confirmation for a break above 109800. The target price is set at 113300. The stop-loss price is set at 1036000. Crossed above its 200-day simple moving average, which might set the long-term trend as bullish. Building a base. The bigger the base, the bigger the space.