$V TOP 20
Added 2024-08-06 12:01:52 +0000 UTC$V has now rejected at its 200 Day MA which we spoke about in Sundays update and has now pulled back all the way towards the blue support line again at $252, price got as low as $254 yesterday too.
We will need to see how $V handles support and holding above this level now before considering a position.
We can also see that the 50 Day MA is above to cross the 200 Day MA for a death cross, so this is an indication of a bearish trend, so there is no rush to enter a position, losing this level and there would be more downside, which is fine with us to buy at a lower price, a lower target would be at the 0.5 Fib at $233.
For now, we'll observe the $252 test of support.
