SEAL - Need a strong momentum to maintained bullish continuation
N wave with E, V, N & NT projection.
The stock is trading at 0.815, slightly above the NT projection of 0.800. A breakout above 0.855 could confirm the continuation of the bullish trend. 0.800 (NT) as immediate support and this level must hold to prevent a bearish reversal.
This strategy assumes a bullish continuation above the current price, with critical support at 0.800 needing to hold to maintain bullish momentum.
R - 0.855
S1 - 0.800
S2 - 0.780
Note:
1. Analysis for education purposes only.
2. Trade at your own risk.
The stock is trading at 0.815, slightly above the NT projection of 0.800. A breakout above 0.855 could confirm the continuation of the bullish trend. 0.800 (NT) as immediate support and this level must hold to prevent a bearish reversal.
This strategy assumes a bullish continuation above the current price, with critical support at 0.800 needing to hold to maintain bullish momentum.
R - 0.855
S1 - 0.800
S2 - 0.780
Note:
1. Analysis for education purposes only.
2. Trade at your own risk.
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