Analysis based on round-number levels, price channels and modified Elliot Waves
The support level of 1.2150 holds back sellers. The inclined channel of the downward pattern is broken through by an upward movement (A H2), after which the price rolled back into the range of 135 and 365 moving averages. …
The stock is trading in the range of the lower boundary of the upward price channel and 365-150 exponential moving averages. The pivot zone 1205.50 restrains sellers, and the Stochastic Oscillator indicator signals oversoldness of the stock. The nearest resistance level is 1213.0.
Trading …
The support level of 176.56 held back sellers. The Awesome Oscillator indicator has formed a Bullish Divergence, while Stochastic Oscillator indicator signals oversoldness of the stock. Breakout the resistance level will result the formation of an upward 123 pattern.
Trading recommendations:
Buy above 178.75. …
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