Surf within the current channel or breakout form it?
Will we breakout from this current channel or fail to do so?
If this fails, expect this stock to just move within the current channel.
I also show why 1.35 is the actual next resistance, should we break from this channel.
If this fails, expect this stock to just move within the current channel.
I also show why 1.35 is the actual next resistance, should we break from this channel.
Catatan
There is also a rising wedge pattern being formed. which is a bearish indicator on the 1M and 3M chart. So if we dont get enough buy volume, we could potentially break downwards in the short term.Catatan
Faced some resistance at 1.35 :DCatatan
Double top pattern formed at 1.35, hence the dip. Further dips coming.First support is at the lower channel. If candlestick breaks past this. Expect further correction.
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