t>

A critical area before the next move. Will the conditions be met?


A critical area before the next move. Will the conditions be met?



After a strong decline and sharp correction, the stock is currently trading around 30.
The current area is considered a consolidation area and is not a confirmed entry signal.

🔹Important support:
• 28.9
• The strongest support is at 23 → a safe buying area during declines

🔹Resistor:
• 31.4
• 41 key resistances, a breakout of which would change direction and potentially start a rapid move

🎯 Objectives during penetration:
• 41
• Then set 70 as a mid-term goal

⚠️Important Tips:
Entering now is risky. Better:
• Either wait for a dip near the 23rd
• Or only enter after a clear breakout and stabilization above 41

🧠Conclusion:
The stock is under observation and has not yet given a confirmation signal.
The smart decision is to wait until it gives you a real advantage



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *