EXAS a Bullish Outlook
Güncellendi
As I predicted before, I had a 100% success rate. Let's consider a long position based on the current technical indicators.
Trend Line: We have a yellow trend line where the price bounced in 2016 and 2022. We are now approaching this trend line again.
Bat Pattern: The bat pattern indicates that point C, which is the 0.886 Fibonacci retracement, aligns exactly with the yellow trend line. The price at point C is $37.87.
Parallel Channel: The parallel channel also converges at the same point.
Given these confluences, the price is expected to bounce from this level. Here is my trading plan:
Stop Loss: $29.00
Entry Level: $37 / $38
First Take Profit: $99.00 (50% of the position)
Final Take Profit: $140.00
Additionally, the RSI has reached the oversold area, further supporting the likelihood of a price bounce from this level.
Disclaimer: I am not a financial advisor.
Trend Line: We have a yellow trend line where the price bounced in 2016 and 2022. We are now approaching this trend line again.
Bat Pattern: The bat pattern indicates that point C, which is the 0.886 Fibonacci retracement, aligns exactly with the yellow trend line. The price at point C is $37.87.
Parallel Channel: The parallel channel also converges at the same point.
Given these confluences, the price is expected to bounce from this level. Here is my trading plan:
Stop Loss: $29.00
Entry Level: $37 / $38
First Take Profit: $99.00 (50% of the position)
Final Take Profit: $140.00
Additionally, the RSI has reached the oversold area, further supporting the likelihood of a price bounce from this level.
Disclaimer: I am not a financial advisor.
Not
Previous prediction:
Not
I have longed for 
EXAS at $42. It seems to have bottomed. My stop loss is set at $36. My first take profit target is at $74, 2TP at $98
Feragatname
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