DREDGECORP had a nice breakout today with huge volume thus breaking a Weekly/Monthly trendline. If the trend were to continue tomorrow, we should see 525/550 on this. 550-580 is a Supply Zone, so I expect some stop over or pullback. Above this area would be 600/650 targets
On the downside, I see the first support level @ 575. We do have a demand zone below 550-540 if 575 is lost where I think the price should hold. This will also be a breakout trendline test if we were to come down
In short, trend continuation should give us 525/550/580
on the down side, 475 first and below that we got 450
On the downside, I see the first support level @ 575. We do have a demand zone below 550-540 if 575 is lost where I think the price should hold. This will also be a breakout trendline test if we were to come down
In short, trend continuation should give us 525/550/580
on the down side, 475 first and below that we got 450
Not
rejection at supply zone so farNot
Bounced from the Demand Zone
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
If you like my work and would like to appreciate, then give me a follow me on X (formerly Twitter)
x.com/adkis7
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.