AI
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| Alias Born | 03/23/2013 |
Friday, December 17, 2021 2:18:52 PM
Theoretically yes... in a rip-roaring market. I like to identify zones of price extremes that saw the most volume. These are areas the get retested and often higher prices are rejected when approaching from below.
The pullback low (from the high) in August is the main area of overhead resistance. We could see a slight retrace of today's candle and then a push higher to the 2 are or even 3, but I'd be surprised if it rises further.
Also, the 200day moving average is at 32.25 and the MACD signal line is at an record low (momentum is weak).
The pullback low (from the high) in August is the main area of overhead resistance. We could see a slight retrace of today's candle and then a push higher to the 2 are or even 3, but I'd be surprised if it rises further.
Also, the 200day moving average is at 32.25 and the MACD signal line is at an record low (momentum is weak).
