UNSAS100 Downtrend Persists Despite Earnings, Eyes on Support
The UNSAS100 reached the previously identified resistance level of 20,540 before reversing downward. The current direction is bearish despite the earnings results, with a potential retest of 20,330 anticipated before resuming a downward trend.
If the price remains below 20,330 and 20,180, it is likely to decline further towards 19,990. Conversely, stability above 20,330 would signal a return to bullish momentum, targeting 20,540 and 20,710.
Key Levels:
Pivot Point: 20180
Resistance Levels: 20330, 20480, 20540
Support Levels: 19990, 19860, 19750
Trend:
- Consolidation 20180 - 20330
- Bearish below 20180
- Bullish above 20330
If the price remains below 20,330 and 20,180, it is likely to decline further towards 19,990. Conversely, stability above 20,330 would signal a return to bullish momentum, targeting 20,540 and 20,710.
Key Levels:
Pivot Point: 20180
Resistance Levels: 20330, 20480, 20540
Support Levels: 19990, 19860, 19750
Trend:
- Consolidation 20180 - 20330
- Bearish below 20180
- Bullish above 20330
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