STM its time to buy ??
📉 Downtrend Line: The downtrend line (marked in yellow) that started from the highest peaks serves as strong resistance. The stock has failed to break above this line several times, reinforcing it as a critical resistance level for the future.
🟠 Strong Support Level: The stock found stable support at the 30.01-29.99 level, but we see the price closing below this level, raising the question of whether we might witness a new bottom soon.
📊 Supply and Demand Zones:
The supply zone between 38.37 and 43.33 is a place where the stock may encounter strong resistance if we see a move back upwards.
The demand zone between 29.99 and 30.01 is the last line of defense for the bulls, and if it breaks, we might see further declines.
🔍 Price Gap: There is a gap above 50, which signifies a sharp price movement. This gap could serve as a target for future upward movement, but currently, we are far from it.
⚠️ Breaking Point: We are at a critical point where the price is at the bottom of a strong support level. Will the bulls regain control, or will the bears lead to further decline?
🟠 Strong Support Level: The stock found stable support at the 30.01-29.99 level, but we see the price closing below this level, raising the question of whether we might witness a new bottom soon.
📊 Supply and Demand Zones:
The supply zone between 38.37 and 43.33 is a place where the stock may encounter strong resistance if we see a move back upwards.
The demand zone between 29.99 and 30.01 is the last line of defense for the bulls, and if it breaks, we might see further declines.
🔍 Price Gap: There is a gap above 50, which signifies a sharp price movement. This gap could serve as a target for future upward movement, but currently, we are far from it.
⚠️ Breaking Point: We are at a critical point where the price is at the bottom of a strong support level. Will the bulls regain control, or will the bears lead to further decline?
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