Ok this chart is interesting, but for the most part right now I am a little bearish.
Support is being held at the 105.80-106 range. But, resistance is also at the 111-112 range. This indicates that the stock could be consolidating for another big move. However, the 5 EMA has been broken through and the 12 EMA seems like its about to be broken through also.
What is my move?
Bullish sentiment: If above 112.50 -> easy to 13.77 -> 14.83 (If this holds) -> look for 118.65-> Anything past that and this stock will be mooning with volume
Bearish sentiment: If below 105.88-> 105.57-> (but if this creates higher lows then look for bounce at 105.20-> if that breaks then down 103.84 -104.55 range. If that breaks with volume then we are looking at 100 again. This is because the 34/50 EMA is catching up.
Personally, I am feeling more bearish, but this market is bullish so I wouldn't be surprised.
I will be looking to get in at the said prices. Remember, bounces always occur and news can change everything.
Lastly, please like and follow if you want more charts :)
Support is being held at the 105.80-106 range. But, resistance is also at the 111-112 range. This indicates that the stock could be consolidating for another big move. However, the 5 EMA has been broken through and the 12 EMA seems like its about to be broken through also.
What is my move?
Bullish sentiment: If above 112.50 -> easy to 13.77 -> 14.83 (If this holds) -> look for 118.65-> Anything past that and this stock will be mooning with volume
Bearish sentiment: If below 105.88-> 105.57-> (but if this creates higher lows then look for bounce at 105.20-> if that breaks then down 103.84 -104.55 range. If that breaks with volume then we are looking at 100 again. This is because the 34/50 EMA is catching up.
Personally, I am feeling more bearish, but this market is bullish so I wouldn't be surprised.
I will be looking to get in at the said prices. Remember, bounces always occur and news can change everything.
Lastly, please like and follow if you want more charts :)