$OPRA - RC -
Added 2024-01-06 02:39:05 +0000 UTCThis is not a good looking chart here and it is another example of paraboliuc moves struggling to hold their structure.
The price went through the Second Target and could not hold above this level and fell very aggressively, losing the First Target too.
The price has also rejected trying to get back above the 200 Day MA in December.....this needs to hold the support line it is at now at $11.90 or there is a strong concern that this could drop down considerably to the bottom blue line again, I am not seeing an impulse move here unfortunately.
Comments
on what time frame does the price needs to hold this level ? i mean if the price pushes lower in a session and gets bought up over next couple sessions, do we consider this as breaking down or holding the current support?
Ram S
2024-01-06 21:29:27 +0000 UTC
