Let it Rain!
Technical Analysis of Rain:
Over the past two years, Rain's price has been in a consolidation phase following a significant 300% increase from April 2020 to July 2021. It's important to note that this price surge occurred alongside a broader market rally during the same period.
Positive Indicators:
The weekly and monthly charts highlight some encouraging signs. Notably, there has been a sudden increase in trading volume [W], and the MACD lines and bars have been flatlining on the monthly timeframe, which may indicate a potential shift in momentum.
Key Support and Resistance Levels:
Support: 140
Resistance: 190, 225, 255
Disclaimer:
This analysis is intended for educational purposes and is not a recommendation to buy. It is important to learn how to recognize and understand patterns in stock movements.
Over the past two years, Rain's price has been in a consolidation phase following a significant 300% increase from April 2020 to July 2021. It's important to note that this price surge occurred alongside a broader market rally during the same period.
Positive Indicators:
The weekly and monthly charts highlight some encouraging signs. Notably, there has been a sudden increase in trading volume [W], and the MACD lines and bars have been flatlining on the monthly timeframe, which may indicate a potential shift in momentum.
Key Support and Resistance Levels:
Support: 140
Resistance: 190, 225, 255
Disclaimer:
This analysis is intended for educational purposes and is not a recommendation to buy. It is important to learn how to recognize and understand patterns in stock movements.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.