At the moment there are two possibilities for FOXA:
1)Breakout up: We can break the downwards short term trendline and the green 50-day SMA, after that we will break out of the consolidation range and find resistance at the red lines.
2)Breakout down: We can break the support area of the consolidation range and the orange 100-day SMA, after that we will find support on the green lines and the 200-day SMA.
I think a break upwards would make more sense because both the RSI and the WT-indicator are pretty low and have much room to grow. But in the current state of the market anything can happen. I'll wait for a breakout and then go long or short.
1)Breakout up: We can break the downwards short term trendline and the green 50-day SMA, after that we will break out of the consolidation range and find resistance at the red lines.
2)Breakout down: We can break the support area of the consolidation range and the orange 100-day SMA, after that we will find support on the green lines and the 200-day SMA.
I think a break upwards would make more sense because both the RSI and the WT-indicator are pretty low and have much room to grow. But in the current state of the market anything can happen. I'll wait for a breakout and then go long or short.
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.
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.