Analysis done on the 1 Day Chart
Due to COVID-19. Price is likely to use my trend line as somewhat of a resistance level on its way down.
BUT
Based on my stochastic it's possible to cross in the way of a BUY trend.
I'll be on look out for my trend line ( Somewhat of a resistance level. Price could break the trend line leading for price to head towards the 50 SMA.
All we can do is wait now.
Due to COVID-19. Price is likely to use my trend line as somewhat of a resistance level on its way down.
BUT
Based on my stochastic it's possible to cross in the way of a BUY trend.
I'll be on look out for my trend line ( Somewhat of a resistance level. Price could break the trend line leading for price to head towards the 50 SMA.
All we can do is wait now.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.