Potential value area approaches

30 Mar 2021

Price action continues to be pinned down after the dividend pump to all time highs of $43. After being rejected by the .618 of the swing low 17.50 to new ATH 43.00, we are trading between both .786's Price action looks to test both previous downward sloping supply lines which happen to also align between the .886's. If this area does in fact serve as support and the new demand zone, I see 21.50- 20.50 as a potential value area for a swing trade.

6 Nis 2021

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