Long

Updated

AMR Fib. Expansion. Next Resistance Level 457.80$

After pullback, security has lost its value approximately %20 but that was pullback. It has happened with gap in daily chart. 07 August 2023 Symmetrical Triangle resistance was broken and second pullback can occur 457.80$ level. At the end of this week, we have to close this security more than 340.65$ level and it will be our support line.

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ADX is decreasing and Upper trend is losing its power. It is time to quit from position. But ADX can break resistance line and Upper trend can gain power again. Wait for now.

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Last week Support Line was broken. I applied 2 moving averages which are 5(red one) and 20(green one) period on prices. Red one cut green one below and it is sell sign.

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All indicators' resistance lines were broken yesterday.

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Wait a little bit. Momentum broke its resistance line but others not. Also Momentum could not go above its moving average(which is orange one). It is not exact buy sign.

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Weekly Chart! i drew resistance line on Momentum but it did not work. Others will be same.

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Only +DI broke its resistance line but CCI and RSI is very close to break! I am waiting huge increase like past!

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Daily Chart! RSI is very close to break but ADX and Momentum have already broken it.

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Resistance line of RSI, MACD and OBV(On Balance Volume) were broken last week. Daily Chart!

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Resistance line of RSI was broken last week. Weekly Chart!

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Weekly chart! OBV(On Balance Volume) broke support line below. It means that volume is decreasing thus prices will decrease.

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Daily Chart! +DI broke first resistance line 2 weeks ago and i changed it a little bit above thus wait for second one!

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Daily chart! Momentum broke support line this week.

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For Fibonacci horizontal support line level is 267.52$

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Weekly Chart! CCI broke resistance line!

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Daily Chart! MACD and +DI broke resistance lines!

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Daily Chart! Momentum broke support lines.

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Weekly Chart! Next Horizontal Support line level is 242.64$.

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Daily Chart! MACD broke support line.

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Daily Chart! RSI and OBV broke resistance lines. We will see that they will work or not.

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Weekly Chart! Next Horizontal Support level is 223.10$.

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Monthly Chart! OBV broke support line!

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Weekly Chart! +DI broke support line this week!

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Weekly Chart! Next Horizontal Support Line is 195.69$.

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Daily Chart! RSI and +DI broke resistance lines!

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Monthly Chart! Momentum broke support line!

Emirhanhmc

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Emirhanhmc