Due to event day stock moved 2.40% downside from day's high with help of schiff pitchfork the price was seen taking support at lower media line which is considered as good support
with current day low price might bounce back to 537 levels and if anything above the 550 zone will be activated again
if price breakdown today's low then it might fill the gap
will update if price goes beyond our analysis either ways
Comment
⋅
earnings tomorrow and as given the price is still in range bound within and below 540-537
Closing seems to be near expected range. What strategy you think is great for tomorrow? It seems bullish to me....
Jimmy_Rebello
⋅
@shamis767, sideways mostly as on daily time frame yesterda's high was touched... and bounced back from orange zone .. and closed between 0.5 of fib level ... not expecting v shape recovery on 15min chart ... with non technical view results are on 4th feb and mostly expecting to be good with good sentiment on breakout for 550 lvl... whereas there is a high time frame and lower time frame between 537 and 540 anything above this level are good sign ... on flip side it should not break today's low