Best Stock Trading Ideas

6 May 2021

Stocks held a very narrow range yesterday, after dipping significantly, traversing the vacuum zone to find support at 4122. They could be gearing up for another breakout, which may finally take us to our profit target of 4227. Currently we are sitting at almost the exact middle of the range, at the 0.618 Fibonacci level at 4161. Watch out for 4187, which may provide resistance. If we retrace further, we will see support from 4146, which is a Fibonacci and technical level, then 4122 again.