LOW might go low before it goes high
Never financial advice. Just offering perspective.
Would like to see a move into 220.89 area before pushing and holding above 229.98, using that as a support level. The other possibilities are to revisit 215.62 and get as low as 213.89. Losing 213.89 would signal bears regaining full control and a likely retest of 205.64(from a weekly perspective). These levels under 220.89 seem less probable, but not out of the question. I like 220.89, cutting at 220.60 and reassessing is tight protection from more downside and opportunity for discounted entry for bull case. Though I prefer to see a pullback to then get going, LOW is showing signs of urgency to move higher continuing the current Daily uptrend. However, there is an area of 230.21-231.11 on a weekly view, that bulls have to step in or we may see a touch and go heavy rejection there. Prefer to see a pullback to retest 220.89 to then look for a target at 229.98, IF bulls claim 231.11... 238.19, 248.16, 257.25. Be aware that this analysis is on a higher timeframe of a daily and weekly perspective and may take time to develop.
Would like to see a move into 220.89 area before pushing and holding above 229.98, using that as a support level. The other possibilities are to revisit 215.62 and get as low as 213.89. Losing 213.89 would signal bears regaining full control and a likely retest of 205.64(from a weekly perspective). These levels under 220.89 seem less probable, but not out of the question. I like 220.89, cutting at 220.60 and reassessing is tight protection from more downside and opportunity for discounted entry for bull case. Though I prefer to see a pullback to then get going, LOW is showing signs of urgency to move higher continuing the current Daily uptrend. However, there is an area of 230.21-231.11 on a weekly view, that bulls have to step in or we may see a touch and go heavy rejection there. Prefer to see a pullback to retest 220.89 to then look for a target at 229.98, IF bulls claim 231.11... 238.19, 248.16, 257.25. Be aware that this analysis is on a higher timeframe of a daily and weekly perspective and may take time to develop.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.