Can Stocks Hold Support?? 😳😦

11 Apr 2022

Stocks have retraced to support at 4462, a strong technical level which seems to be holding. We are hanging on by a thread and if we break down further, then 4440 is the next target after crossing the vacuum zone below. The Kovach OBV has slumped, suggesting momentum is nil and needs to pick up in order for us to see a breakout. If we are somehow able to break out, then 4580 is the next target which must be broken before we are able to hit higher levels.