NAVNETEDULTD
The stock is consolidating along a trendline where it has found support multiple times. It's currently trading at a demand zone (above 50%), indicating active buyer participation.
For an upward movement, the stock will likely hunt stop losses by briefly dipping into the next demand zone, which coincides with the 61.8% Fibonacci retracement level.
The optimal buying range appears to be between 120-124.
For an upward movement, the stock will likely hunt stop losses by briefly dipping into the next demand zone, which coincides with the 61.8% Fibonacci retracement level.
The optimal buying range appears to be between 120-124.
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