Since then, we have seen the formation of higher lows, strengthening the trend.
We are in a mid-range that is acting as a support level at the 560B price point.
Stock RSI indicates an oversold price point (last time at this level: May 2023).
The mid-range we are playing is between the 470B support level and the 640B resistance.
Following the trend, we have a high probability of seeking liquidity at lower levels due to the lack of supports at this 560B level, to then catapult to a new ATH, likely between 515B and 470B.
Good entry point, but don't go all in yet. We can have better options if it keeps going lower. Do make some entries here.
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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.