Not sure how much value in here? Also, if you pay attention this company was heavily affected during the Boom of Covid at the beginning of 2020 but share price did nothing but gain value. Operations side and result should revert the value to the correct valuation soon. Hope i am wrong in this one but i cannot see value here at all. :/
RSI have reach the same leaves in 2 past occasions, which time we had a pull back of min 27%. Recently reach the 75USD past all time high, value archived in 2014.
- Shooting Star formed
- RSI indicator on the level
- Past price action
- Only Fundamental has driven the price up.
GM have reached a saturation point which in every case in the past represented a turn around point. Considering the potential circumstances in the world, adding the future focus of automobile industry to the clear fuel resources, i hardly believe GM can keep up the momentum.
Support has been found at 1.25798, It did cross momentary in the past to soon enough buyer take control.
As it is standing now, sellers are losing the power and soon enough we should see the the reversal.
Target here is 1.38141
Stop loss @ 1.19671
RRR: 2.01
Bitcoin peace is high, technical indicators are indicating a bullish momentum but I strong believe traders will be disappointing in what is to come.
The peace Bitcoin has gain in the past weeks in abnormal to any asset class. We have faced this before and trader are doing the same mistake all lover again.
We believe the Bitcoin price range will set between...
Another projection based on the world events. GBP it will be weakened due to the turmoil of Brexit, / YEN in another hand, a safe haven, should strengthen give the current concerns around the Trade events. My expectation here is simple.
Down trend broken, wait for price action to go long.
alternative, sellers will keep the pressure and
down trend will continue with targets on the 0.95889
USDJPY surrunding the 61.8% Fibbo, it should be find some resistance before any break. Also is playing just above the 200 day`s for the second day. Volume Buyers indicating in control.
AS Long as the uptrend is respected, we are buying in any bounce back in the trend line area or we are happy to wait until the break of the 61.8% fibbo abd go on with the wave....
Double top at 1.43
Selling mode since mid April
@ 2016 Trend Line
Two Trades Set up:
1. Short on any bounce high, with stops on the last Support and targeting the 1.3260 region.
2. Wait for the break and go short, stop loss should be placed at 13575 area, targeting 13260 region.
The Pair has been in control of the sellers, at the moment is testing the 1200 levels were will expect a strong support from the buyers.
If support fail to hold, a very good opportunity to short the pair will be on the table, the pair still above the MA200 and holding well at 1.210 levels.
