Swoop6

Swoop6

Ont has held rather well given the recent events and still looks bullish on the charts, If we continue to move up profit targets are in the blue zone suggested, strong support at the 74-75 level and strong resistance at the 96-97 level, however if we fall below the 62 level it's probably a sign we're not bullish anymore.

Swoop6

RSI oversold on daily chart, Wait for confirmation of a move up then ride it, strong support at 66 and strong resistance at 84 even more resistance at 38.2 fib level.

Swoop6

If uptrend continues profit targets are roughly 320/367 gl.

Swoop6

If we continue to trade in the channel we may continue to go lower and find a bounce in the area suggested(possible end of ABC correction) and that will be the sign of a trend reversal, however a breakout to the upside out of the channel could also dictate the same, would like to hear thoughts.

Swoop6

Possible bounce off support? waiting for bullish engulfing candle to confirm an uptrend, oversold on weekly rsi. Is a turn around likely? would like to hear thoughts.