Weekly chart here to provide some context because I think everyone is aware of the price action in the red descending wedge right now.
$64.13 needs to be broken first and then the very important $66.64 level on our blue line.
This is also a:
- Strong resistance/support line
- The 2 Fib
- The weekly 50 Day MA
- A break into the Bull Case.
This is an VERY strong confluence level and if the bulls can break above this level and holding, then we have our reversal and the price can run to $83 for the First Target and eventually to the Second Target at $100.
Certainly a break above this level and holding is a buy signal.
Danielstocks#7923
2023-12-25 14:24:22 +0000 UTCGareth Neary
2023-12-24 18:06:04 +0000 UTCClint M
2023-12-24 17:59:54 +0000 UTC