10.85 Final Stop.
Bears took complete control setting then closing at the low of the day. I mentioned yesterday after a big run APH likes to give 50%. Well 50% lines up with a A 200 day Moving Average and a the trendline that matches up with what should of been the proper trend. On the previous few touches of 80 on the hourly RSI we seemed to turn things around at 43. All of these line up with the 200 day MA. Expect a good bleed to start the day as i the final 1.5 hours the bears beat down any run the bulls tried to make. In fact the last 5 seconds seen a drop from 11.41 to 11.34. So fast Tradingview couldnt keep up.
After the morning bloodbath however you can expect a decent recovery. Leading into what should be a green Thursday and hopefully a run up to a new high when we break 12.50. People looking to buy in we may see a bounce at 11.05 but I would wait for it to bounce and retest before jumping. I would buy at the 200 day MA.
After the morning bloodbath however you can expect a decent recovery. Leading into what should be a green Thursday and hopefully a run up to a new high when we break 12.50. People looking to buy in we may see a bounce at 11.05 but I would wait for it to bounce and retest before jumping. I would buy at the 200 day MA.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.