STONKS Market Overview
Market overview from the STONKS team
The situation repeats itself. For the second year in a row, August shows barely any volatility. Since the last market overview, the situation remained the same. The targets haven’t changed. The only thing that's clear right now is that a resolution will come very soon.
At the moment, an STB zone has formed at the bottom, from which one can look for a long position. We'd like to see a full structural movement within this zone with confirmation of the breakout. Only after that can a long position be considered.
On the upper side, an unclosed compression + IMB 3h still hangs. If there's growth from current levels, these two levels can be considered for short positions.
The global targets haven't changed – for continued growth, we need to dive into the Discount zone. Only in that case a transition this year could be considered.
Good luck and profits to everyone!
The situation repeats itself. For the second year in a row, August shows barely any volatility. Since the last market overview, the situation remained the same. The targets haven’t changed. The only thing that's clear right now is that a resolution will come very soon.
At the moment, an STB zone has formed at the bottom, from which one can look for a long position. We'd like to see a full structural movement within this zone with confirmation of the breakout. Only after that can a long position be considered.
On the upper side, an unclosed compression + IMB 3h still hangs. If there's growth from current levels, these two levels can be considered for short positions.
The global targets haven't changed – for continued growth, we need to dive into the Discount zone. Only in that case a transition this year could be considered.
Good luck and profits to everyone!
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.