The price struggled to hold above the 1.140 area, indicating weakness in the current trend. The next key support level to watch is around 0.960. If the price stabilizes here, it may enter a consolidation phase. However, if this support level is broken, further downside pressure is likely. Although the RSI is in the oversold zone, suggesting that the stock may be...
The stock is facing 1.160 as the nearest resistance level, which could act as a hurdle for further upside movement. Meanwhile, both the RSI and Stochastic RSI are in the overbought zone, indicating that the stock may be overextended in the short term. Despite this, the MACD remains below zero, suggesting that the broader trend has yet to fully turn bullish. Given...
The stock continues to decline, showing no clear signs of a reversal yet. The price remains in a downtrend, with each move lower reinforcing the bearish momentum. At the moment, 2.10 serves as the key support level, where buyers may attempt to defend the price. On the upside, the nearest resistance zone is around 2.40 – 2.55, which must be cleared for any...
The price has closed below the moving average (MA) line, signaling potential weakness in the trend. Additionally, the MACD indicator is below zero, reinforcing a bearish sentiment. However, a key downtrend line remains in play, and a breakout above this resistance level could shift momentum. On the downside, strong support is seen around the 3.35 area, which...
The price is currently testing the support level around the 2.38 area. The key question now is whether this level will hold and trigger a short-term rebound or if the selling pressure will persist, leading to a breakdown below support. Several factors will determine the next move: market sentiment, trading volume, and broader trend direction. A strong bounce with...
The resistance around the 1.27 level is quite evident. Currently, the stock appears to be in an overbought condition, with the price closing below its moving average. This raises the possibility of a healthy pullback, but there's also a chance that selling pressure could intensify soon. While others may be focusing on potential dividends and bonus issues, I...
Price might just touch the gap and continue to decline. The MACD is still showing a downward trend, indicating further potential downside. Stocks are like mangoes, while you are waiting for them to be ripe, others are eating them with salt. Disclaimer: The mentioned stocks are based solely on personal opinions for educational and discussion purposes only. There...
The downtrend has been ongoing since mid-July 2024, and while the market has shown persistent bearish pressure. Although the downtrend has been prolonged, these early signs of change could suggest that the market is ready for a shift. It’s important to monitor key support levels and price action closely, as this could be the beginning of a turnaround. While...
There's a potential that the price could simply close the gap and continue its downward movement, especially if it fails to hold key support levels. For the bullish trend to stay intact, the price needs to stay above 1.50. If there’s a pullback and it fails to challenge this level, it could signal further downside. Traders should remain cautious and be...
There’s a possibility that we might be witnessing a potential double top formation, especially with the heavy resistance around the 1.10 level. If the price struggles to break through this resistance, it could signal a reversal or a shift into a downtrend. Double tops are often seen as a bearish pattern, but it’s important to watch how the price behaves around...
There's a possibility that the price could simply close the gap and continue the downtrend if the selling pressure remains strong. For any potential reversal to take shape, the 2.05 level must be broken convincingly. That key resistance level needs to be overcome for the trend to shift or for a stronger bullish momentum to begin. Until then, we may see more...
The price is still in a downtrend, and it's crucial for it to stay above the 0.325 mark to maintain a short-term uptrend. A full reversal may take some time, potentially weeks, as the market works through its correction. Patience is key during this period, as the market needs time to stabilize and regain momentum. Stay focused, and don't let short-term...
The overall trend remains bearish, with prices continuing to move downward. Both the RSI and Stochastic indicators are in the overbought zone, suggesting that the asset may be overextended and due for a pullback. Additionally, the MACD remains below zero, reinforcing the weak momentum. Given these signals, there is a high probability of a downward move soon,...
The stock is currently testing the 4.80 support level, and it remains to be seen whether it can stage a rebound. If the price manages to hold and bounce back, there could be an opportunity for a FIFO (First In, First Out) trade, allowing for quick entries and exits to capitalize on short-term movements. Let’s see how it plays out! When the market moves where,...
Could there be a rebound at the trendline? MACD is in a death cross, and negative divergences are present. Protecting the downside is essential. When the market moves where, and how, and if - these are all unknown. The only thing which we can control is our risk. Focus on risk management! Keep the long term vision. Disclaimer: The mentioned stocks are based...
Waiting for the MACD golden cross.... it's just a matter of time. Patience is key! The price is still below the moving average, so we need it to stay above for confirmation. If got nothing to buy, dont buy anything We cannot control how much we win. But we can control how much we lose. Focus on what you can control! Disclaimer: Please be informed that all...
Has the operator started dumping? This could be contributing to the current market pressure. The MACD is still showing a bearish crossover (DC), which suggests the market may be following a FIFO (first in, first out) pattern for now. There are also several resistance levels ahead that could pose challenges for any potential upward movement.
The price needs to stay above 1.85 to reverse the bearish trend. Both the daily and weekly MACD charts are showing a bearish crossover (DC). Meanwhile, the RSI remains in oversold territory, which is an area I’m hesitant to risk my capital in.