TASI has been in uptrend since October 2023
Regional situations also not in favor of good upside potential
Head & Shoulder formation is clear with breakdown and retest of neckline
12,000 levels are good support level (H&S Formation target)
Trade with tight stop loss based on individual stocks setup.
Monthly and Weekly still in uptrend (HH, HL formation)
Seasonal: "May" Mostly in Bearish Phase for last decade
Regional situations also not in favor of good upside potential
Head & Shoulder formation is clear with breakdown and retest of neckline
12,000 levels are good support level (H&S Formation target)
Trade with tight stop loss based on individual stocks setup.
Monthly and Weekly still in uptrend (HH, HL formation)
Seasonal: "May" Mostly in Bearish Phase for last decade
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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.
Related publications
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.