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COST broke out of a long term resistance. Can it hold?It's been a few days since COST broke out of the long term resistance of $389.58 that was forming since November 2020. The question now is, can it hold? Two reasons why I think it can. 1. It consolidated after a move higher and made a new 52 week high 2. Its expected to do well in the coming year. Now, looking at its past performance I think COST will come back to retest the $387.60 to $389.58 range before moving higher. The main reason why I think this is because the breakout didn't have a large amount of volume kicking it higher; and because the follow through also doesn't have a lot of volume. Final thought: COST did break and I think it'll continue to move higher but not before retesting the broken resistance. This is one to keep an eye on for sure.
NASDAQ:COSTLong
by HaseebKhan_90
USDJPY Technical Analysis Welcome back Traders, Investors, and Community! Here on USDJPY The price has got rejected from the Resistance zone with series of red candle. It also has made lower highs which indicates the Bearish trend. It may get a Pullback at 110.8 but then it will go lower to the Support line which is the lower band of the channel. If the price breaks below the Support there is a high chance that it goes lower to 109.10 but we need to see confirmation after the breakout in the lower time frame. Traders, Please hit the 👍 LIKE button if you like this idea and if you have your own opinion about this, please write your it in the comment box . We will be glad for this. We will have more FREE forecasts in TradingView soon ❤️ Your Support is really appreciated!❤️ Have a Profitable Day
Short
by Fibonacci-Signals
3
AUDJPY SELL NOW | GOING DOWNHello Traders, here is the full analysis for this pair. Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity in AUDJPY . I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗
Short
by BULLSS1993
7