Hi there,
The way i see things (purely my opinion only), technically it makes sense to me why there has been a rejection late last week of the recent rise up.
You may be asking - what is in the way for resistance levels? Well,
We have
- September low (red horizontal line)
- November high (red horizontal line)
- 50% Fib from recent low/high in the way
It is quite possible we may see some weakness next week - based on my daily chart review.
Notes:
Green line = 500 day SMA
Black line = 100 day SMA
Yellow Line = 200 day SMA
Red Line = 55 day SMA
I only use one indicator being the slow stochastic indicator.
No dramas.
bazzman78t
09/02/2019
The way i see things (purely my opinion only), technically it makes sense to me why there has been a rejection late last week of the recent rise up.
You may be asking - what is in the way for resistance levels? Well,
We have
- September low (red horizontal line)
- November high (red horizontal line)
- 50% Fib from recent low/high in the way
It is quite possible we may see some weakness next week - based on my daily chart review.
Notes:
Green line = 500 day SMA
Black line = 100 day SMA
Yellow Line = 200 day SMA
Red Line = 55 day SMA
I only use one indicator being the slow stochastic indicator.
No dramas.
bazzman78t
09/02/2019
bazzman78tv
Updated December 2021
Updated December 2021
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
bazzman78tv
Updated December 2021
Updated December 2021
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.