Here is my technical analysis of 
U stock using my boxes strategy.
U price has broken out of the box recently on great earnings news.
In 2 days it hit a long-term resistance and reversed down.
Price has bounced off of the box ceiling that has become support now.
I see two scenarious for further stock movement.
Scenario #1.
1. Price breaks the long-term resistence level.
2. It comes back to a strong demand zone (preferrably where box level meets the trend line).
3. Then we move higher.
Scenario #2.
1. Price does not break the long-term resistence level.
2. Stock price goes down and misses the demand zone.
3. We continue to move inside the box.
Remember, action at the demand zone of 115.50 is a crucial point to watch.
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Disclaimer!!!
This is not financial advise.
U stock using my boxes strategy.U price has broken out of the box recently on great earnings news.In 2 days it hit a long-term resistance and reversed down.
Price has bounced off of the box ceiling that has become support now.
I see two scenarious for further stock movement.
Scenario #1.
1. Price breaks the long-term resistence level.
2. It comes back to a strong demand zone (preferrably where box level meets the trend line).
3. Then we move higher.
Scenario #2.
1. Price does not break the long-term resistence level.
2. Stock price goes down and misses the demand zone.
3. We continue to move inside the box.
Remember, action at the demand zone of 115.50 is a crucial point to watch.
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Disclaimer!!!
This is not financial advise.
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関連の投稿
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。