- Short-Term Trend: Bullish breakout as the price moves above the middle Bollinger Band and closes near the upper band.
- Medium-Term Trend: Neutral to slightly bullish. The price is recovering from a prior downtrend.
- Support: Around $31.00 (near the middle Bollinger Band and a recent consolidation zone).
- Resistance: Around $33.50 to $35.00 (historical high and proximity to the upper Bollinger Band).
- A breakout above the upper band might indicate continued bullish momentum, but caution is warranted for possible overbought conditions.
- The spike in volume accompanying the upward move indicates strong buying interest.
- Bullish Case: Sustained movement above $33.50 could lead to further gains, potentially targeting the $35.00 range.
- Bearish Case: A reversal to the middle Bollinger Band near $31.00 might signal a pullback or consolidation.
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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.
➀➁➂➃➄
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.