A price action above 0.6090 supports a bullish trend direction. Further bullish confirmation for a break above 0.6110. The target price is set at 0.6135 (its 38.2% Fibonacci retracement level). The stop-loss price is set at 0.6070 (its 50% retracement level). The 200-day moving average is serving as a significant support level. Notice how the price action...
A price action above 82.00 supports a bullish trend direction. Bullish support for a break above 85.00. The target price is set at 88.00 (the upper range of the broadening top pattern). The stop-loss price is set at 80.00. Remains above its 200-day simple moving average. The broadening top pattern indicates a rise in the volatility factor.
A price action below 38.00 supports a bearish trend direction. Further bearish support for a break below 38.00 as well. The target price is set at 35.00 (its 61.8% Fibonacci retracement). The stop-loss is set at 40.00 (close to its 200-day simple moving average). A double top pattern or M-Top pattern might unfold. Remains a risky trade.
A price action below 93.00 supports a bearish trend direction. Crossing below 92.00 will strengthen the case for a further decline. The target price is set at 88.00. The stop-loss price is set at 97.00. The MACD (lower panel) highlight a bearish crossover that will support a change in sentiment from bullish to bearish. Remains a risky trade.
A price action below 371.00 supports a bearish trend direction. Increase short exposure for a break below 367.00. The target prices are set at 357.00 and 351.00. The stop-loss is set at 380.00. Breaking down the 23.6% Fibonacci retracement at 361.00 might trigger such downside potential.
A price action above 340 supports a bullish trend direction. Bullish confirmation for a break above 354.00. The target price is set at 397.00. The stop-loss price is set at 322 (its 50% Fibonacci retracement level). Breaking above its 200-day might trigger further upside potential. Remains a risky trade.
A price action above 10900 supports a bullish trend direction. Further bullish confirmation for a break above 11200. The target price is set at 11700. The stop-loss price is set at 10400. Remains above its 200-day simple moving average, supporting a bullish underlying trend. The share appears to be in a mark-up phase out if the market cycle analysis. Such a...
Remains a very risky trade. The insert is the angle of the trend since the start of 2023. The last part of the price action crossed above the angle trend line, hinting at a possible counter-testing. Furthermore, a price action above 6800 supports such a bullish trend. Further bullish confirmation for a break above 7300. The target price is set at 7900 (its 50%...
A price action above 13900 supports a bullish trend direction. Increase exposure for a break above 14600. The target price is set at 15600. The stop-loss price is set at 1300. Crossing above the 38,2% Fibonacci retracement level might support the bullish price action. The MACD bullish crossover (see the lower panel) might support the bullish underlying trend. ...
A price action above 34.00 supports a bullish trend direction. Increase long exposure for a break above 36.00. The target price is set at 40.00 (its 61.8% Fibonacci retracement level). The stop-loss price is set at 34.00. A potential bullish flag pattern is busy developing. Remaining above both its 200-day and 200-week simple moving average supports a bullish...
A price action above 141.00 supports a bullish trend direction. The stock recently bounced from its 200-day simple moving average. Increase long exposure for a break above 147.00. The target price is set at 161.00. The stop-loss price is set at 135.00. The start of upside price momentum supports the bullish underlying trend.
A price action above 1210 supports a bullish trend direction. Increase long exposure for a break above 1230. The target price is set at 1270 (its 78.6% Fibonacci retracement level). The stop-loss price is set at 1160 (its 23.6% retracement). The waterfall effect of breaking the 200-day and 2-week will act as major support for the bullish underlying trend.
A price action above 23.00 supports a bullish trend direction. The conflux of the 200-day and 200-week simple moving averages acts as a critical pivotal point. This level also overlaps with its 50% Fibonacci retracement level. The target price is set at 24.50. The stop-loss price is set at 22.50. Ideal win/loss ratio.
A price action above 55200 supports a bullish trend direction. Crossing above its 200-day will act as further bullish support. Increase long exposure for a break above 56400. The target price is set at 58300 (its 50% Fibonacci retracement level). The stop-loss is set at 53200. The trade idea is regarded as a high-risk speculative trading opportunity.
A price action above 259.00 supports a bullish trend direction. Increase long exposure for a break above 264.00. The target price is set at 269.00 (the upper range of the broadening top pattern). The stop-loss price is set at 255.00 (just above its 23.6% Fibonacci retracement level). Remains above its 200-day simple moving average. An incomplete broadening top...
A price action above 188.00 supports a bullish price action. Crossing below this level will negate the bullish stance. Increase long exposure for a break above 194.00. The target price is set at 200.00. The stop-loss price is set at 184.00. Testing its 200-day simple moving average, which might act as major support. Bullsh divergence is also notable (see the lower panel).
A price action above 8550 supports a bullish trend direction. Crossing below this level will be the first sign of some weakness. Increase long exposure for a break above 8710. The target price is set at 8960 (its 38.2% Fibonacci retracement level). Might see an overshoot to its 200-day simple moving average. The target price is set at 8300. Remains a risky trade.
A price action above 245 supports a bullish trend direction. Increase long exposure for a break above 250. The target price is set at 260 (its 50% Fibonacci retracement level). This level is also at its 200-day simple moving average The stop-loss is set at 235. The consistent recovery in price movement makes this ETF a compelling choice for traders seeking opportunities.