STONKS Market Overview
Market overview from the STONKS team
The situation repeats itself. For the second year in a row, August shows barely any volatility. Since the last market overview, the situation remained the same. The targets haven’t changed. The only thing that's clear right now is that a resolution will come very soon.
At the moment, an STB zone has formed at the bottom, from which one can look for a long position. We'd like to see a full structural movement within this zone with confirmation of the breakout. Only after that can a long position be considered.
On the upper side, an unclosed compression + IMB 3h still hangs. If there's growth from current levels, these two levels can be considered for short positions.
The global targets haven't changed – for continued growth, we need to dive into the Discount zone. Only in that case a transition this year could be considered.
Good luck and profits to everyone!
The situation repeats itself. For the second year in a row, August shows barely any volatility. Since the last market overview, the situation remained the same. The targets haven’t changed. The only thing that's clear right now is that a resolution will come very soon.
At the moment, an STB zone has formed at the bottom, from which one can look for a long position. We'd like to see a full structural movement within this zone with confirmation of the breakout. Only after that can a long position be considered.
On the upper side, an unclosed compression + IMB 3h still hangs. If there's growth from current levels, these two levels can be considered for short positions.
The global targets haven't changed – for continued growth, we need to dive into the Discount zone. Only in that case a transition this year could be considered.
Good luck and profits to everyone!
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