mjokeym
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since Feb 4, 2021
indicator
jump
leap
supportandresistance
trendanalysis
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Most of the research is on the page but I'll explain it briefly. The past two clear trends have shown four swing highs before a break (up/down is irrelevant) - the current bearish trend has only seen three swing highs so far. The RSI of the market is low, which usually foreshadows a bullish movement, if you want to argue that the swing high at $84.70 also...
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We see a demand base at $345-$280 blocking the price to drop as a result of the falling wedge caused by the Q3-4 transition. After the stock jumps above the wedge (breaking the trend, see red circle), we see it respecting & hovering around the 382 support established and respected at the following dates (10th December '20, 16th November '20, 10th November '20,...
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