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Support-and-resistance

CMSB rebound soon?CMSB After this few days of minor crash on penny stock, CMSB also been affected. It also been affected by the news of Norges Bank ceased to be substantial share holder on 12 Jan 2024. However, personally I think it will not affect the fundamental of the company. Technical wise, it as mentioned earlier, RM1.18 is a key resistant level that had been tested 4 times since Apr 2023. The last really in the 1st week of Jan 2024 was the 4th attempt to test this level and follow with the major correction. Today, 3rd trading week of 2024, the price been supported the strong support level (RM1.02- 1.05). If next week, the price rebound stronger back and supported by stronger that to be released on end Feb, that's good chance to break RM1.18. If it continue the short term down trend to break below RM1.02 then need to be careful and prepare to take loss.
MYX:CMSB
by mtwwy
Gold (XAUUSD) Update Next Week 18-22 Dec23 The market seems poised for a period of consolidation, suggesting a sideways movement before a potential directional shift. During this phase, support is anticipated around 2010 - 2007, and a retracement could lead to a brief upside towards the resistance at 2028 - 2030. The market currently aligns with a green chart pattern, showing a possible resistance followed by a descent to 2000 - 1995 for Target 1, and further down to Target 2 at 1975 - 1960. Other side, If market successfully breach its resistance levels of 2030 - 2033, as indicated in the buying zone, an upward trajectory is likely possible. This could result in reaching the Target 2050 - 2060, with a subsequent move towards 2090. Monitoring the market closely is crucial to identifying whether it will adhere to the consolidation phase or exhibit a breakout in either direction.
OANDA:XAUUSDShort
by sheikhhamza306
XAUUSD OAK Spider Trend Two Weeks After: A Gold's ProphecyXAUUSD Gold . The price liked some of the forecast analysis lines we published two weeks ago, nooding at and toching these slings on several ocassions. Dotted blue lines are four of the possible path directions I estimated for the price to continue its trend, published on September 29. I added one trend line here (not dotted). The trend path lines I sketched over the daily timeframe graph as it is in my post. This is a 30 minutes time frame view. None of these lines were changed in their slope nor in their position, not even slightly altered in any way. This can be verified in my Sept 29 XAUUSD analysis XAUUSD OAK Spider Trend Analysis and 2023 Closing Forecast OAK
OANDA:XAUUSD
by eyeofkronos
Predicting a Downward Movement for BTCI've been closely observing the BTC/USDT Perpetual Contracts on Binance and after an extensive 4-hour timeframe technical analysis, I am predicting a potential downward movement for Bitcoin. The key indicators I've used for my analysis are trends, a unique indicator called "Price Action - Support & Resistance by DGT" (source), and two Fibonacci Retracement for two distinct waves. Firstly, the trend analysis on the 4-hour chart shows that Bitcoin has been consistently making lower highs, indicative of a bearish market. The "Price Action - Support & Resistance by DGT" also backs up this bearish outlook, displaying key areas of resistance that Bitcoin is currently struggling to overcome. Moreover, by analyzing two significant price waves using Fibonacci Retracement, we can see that Bitcoin's price is rejecting at key Fib levels. The consistency of these rejections at similar Fib levels further cements my belief in an impending downward move. Based on my analysis, I am predicting a potential fall in Bitcoin's value to 28022 USDT, which would constitute a 4.31% decrease from entry price level. In terms of risk management, I would recommend setting a stop loss level at 30200 USDT. This level is selected as it is a key resistance point which if broken, would invalidate the current bearish trend. As always, risk management is crucial. I would advise not to risk more than 1-2% of your portfolio on any single trade, including this one. It's important to note that while my analysis is thorough and based on key indicators, trading always carries risk. Be aware of the potential risks and always make sure to trade responsibly.
Short
by fady_ramsis_bashandi_bishay
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