The support of the uptrend channel has been penetrated last week on Sep 25th and already reached its first support line on level 347.48 on oct 2nd and made a 3 white soldiers pattern.
Will it keep going down to the next support on level 342.33? if we see the pattern and MACD, there is no sign of reversal yet, which means this stock is still going down.
Using the FIBONACCI retracement, the support on the 1.618 line is on level 336.42. If we look more detail, there is a gap between June 29th and 30th which has not been closed.
Patience is 100% needed if we want to get this stock at that level =D
Disclaimer:
The information and recommendations provided are for informational purposes only and should not be considered as financial or investment advice.
Will it keep going down to the next support on level 342.33? if we see the pattern and MACD, there is no sign of reversal yet, which means this stock is still going down.
Using the FIBONACCI retracement, the support on the 1.618 line is on level 336.42. If we look more detail, there is a gap between June 29th and 30th which has not been closed.
Patience is 100% needed if we want to get this stock at that level =D
Disclaimer:
The information and recommendations provided are for informational purposes only and should not be considered as financial or investment advice.