Very interesting setup forming out here. What historically looked like a major resistance level, formed by that nasty gap down during November last year, looks like it has now flipped to become a reliable support area for the price to rebound from.
After pushing right through 230p and tagging recent highs of 290p, the price has since drifted back down to test this key floor roughly three times.
Tuesday’s session was a clear sign that someone was showing their hand. The price exhibited some really tight compression and was firmly rejected on the downside on 2.25x the average volume. That tells me the buyers were sitting there supporting the price, quietly absorbing the selling pressure at the key level.
We could be looking at a major change of sentiment right here at the floor, and the price could easily gear up to retest those recent highs. Definitely one to watch.
Price target: 290p
Potential reward: 21%
After pushing right through 230p and tagging recent highs of 290p, the price has since drifted back down to test this key floor roughly three times.
Tuesday’s session was a clear sign that someone was showing their hand. The price exhibited some really tight compression and was firmly rejected on the downside on 2.25x the average volume. That tells me the buyers were sitting there supporting the price, quietly absorbing the selling pressure at the key level.
We could be looking at a major change of sentiment right here at the floor, and the price could easily gear up to retest those recent highs. Definitely one to watch.
Price target: 290p
Potential reward: 21%
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.