UPDATE March 24
A really quick post. Was out late, not feeling well, and will probably try to sleep 😴.
We are bearish currently. It needs to break yesterday's low and keep going. If it breaks yesterday's lows but turns up and gets a bullish divergence on the MACD, then it's up towards 13500. We went lower yesterday but created a higher low (bullish). That uptrend of higher highs and higher lows needs to reverse to be bearish. Yesterday was a lower high, but a higher low. So, it needs to start making lower lows to be bearish.
the 150MA support is 12740, the 200MA is 12600. The 12525 is the next low that should act as support. To be honest, I don't want to see support hold. I would like to see price break through supports.
To be bearish, this should start breaking MAs. The 100MA is around 307.40. The 150MA is around 303.40. If it does not and turns bullish, the upside target is now 321.
Downside trendline support is around 31870
Again, iam sorry this is so short. Basketball 🏀 will be over soon, and I won't be on the move so much and will be back in my trading room. Until then.
Be Safe, Be Careful, Be Wise
and as always
Good Luck
and just for funsies here is an old but goody. Still True!
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
warrior-sailormoon : Take care iamiam
Violets : I think there's news out on rate hikes? maybe cutting right hikes
pinwheel : take good care, safe travel.take a good weekend off to rest and watch the games
江南公子 : drink more lemon water and get more zzzz ...
Violets : Take Care Iamiam.... I think you are my neighbor LOL
iamiam OP Violets : ???
LEng LEng : Take care @iamiam.
iamiam OP 71130458 : I'm short jackass. I can also read the market. you are a useless[Emoticon] go finish clearing tables.
iamiam OP 71130458 : you're just not smart enough to follow.
71130458 iamiam OP : Lol, how do you know my p/l today. What I want to point out here is that your analysis is very misleading and I wanna make people cautious about it. If you don’t like it, it’s okay, I can ignore my comments like I ignore your analysis
View more comments...