WBA Potincail reversal up trend move coming
there is a high probability of a bullish reversal. This assessment is supported by the following technical indicators:
-Falling Wedge Pattern: The formation of a Falling Wedge pattern after a prolonged period of downward price action indicates a potential bullish reversal.
-Increased Volume: Rising volume levels over the past several months suggest growing interest and potential buying pressure.
-Positive Divergence: A positive divergence between price and RSI, suggests a bullish divergence and potential upward price movement.
If the price breaks above the trendline resistance level around 9.55, the nearest upside targets are at 12.81 and 15.45.
(SL) if a weekly close under 8.
Please note that this is a technical analysis based on the information provided and should not be considered financial advice. It is always recommended to consult with a financial advisor before making any investment decisions.
-Falling Wedge Pattern: The formation of a Falling Wedge pattern after a prolonged period of downward price action indicates a potential bullish reversal.
-Increased Volume: Rising volume levels over the past several months suggest growing interest and potential buying pressure.
-Positive Divergence: A positive divergence between price and RSI, suggests a bullish divergence and potential upward price movement.
If the price breaks above the trendline resistance level around 9.55, the nearest upside targets are at 12.81 and 15.45.
(SL) if a weekly close under 8.
Please note that this is a technical analysis based on the information provided and should not be considered financial advice. It is always recommended to consult with a financial advisor before making any investment decisions.
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.