Analysis: A bearish engulfing candle formed on the daily chart near $22.15, signaling potential reversal at $21.8. The 4-hour chart shows a sell signal as the price tests the 50-day SMA ($21.37). The ATR indicates decreasing volatility, suggesting consolidation or a drop to the $20.50 support level. The 1-week technical rating shows a neutral signal, supporting a cautious outlook.
Entry: $21.80 - $22.00
Target: $20.50 (5.96% downside)
Stop Loss: $22.50 (3.21% upside)
Risk-Reward Ratio: 1.86:1
Indicators: Bearish Engulfing, ATR, 50-day SMA
Entry: $21.80 - $22.00
Target: $20.50 (5.96% downside)
Stop Loss: $22.50 (3.21% upside)
Risk-Reward Ratio: 1.86:1
Indicators: Bearish Engulfing, ATR, 50-day SMA
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.
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.