The stock is trending higher since mid march 2020.
Unless there is a turn for the worst in the economy and jobs numbers, based on my daily chart, it will trade higher and higher.
However, on a 30 minutes chart, it appears to be some resistance around 264$ (still too soon to know for sure).
Therefore I will be looking to enter a short trade on the downside in the next 3-4 days if the resistance is confirm; until the general uptrend is restored.
A second wave of COVID-19 could have a major impact though!
Unless there is a turn for the worst in the economy and jobs numbers, based on my daily chart, it will trade higher and higher.
However, on a 30 minutes chart, it appears to be some resistance around 264$ (still too soon to know for sure).
Therefore I will be looking to enter a short trade on the downside in the next 3-4 days if the resistance is confirm; until the general uptrend is restored.
A second wave of COVID-19 could have a major impact though!
Kommentera:
seeing 300$ in few days before a possible pullback
Trade stängt: målet nått:
It reach and went through 300 like a wrecking train!
Handel aktiv:
After breaching 300 and moving higher, $COUP has wild swing with support at 280 and resistance at 316.
This resistance was just breach few days ago and went parabolic again!
I suspect now 316 will be the new resistance in case of a pullback.
Up trend line still intact, so we might see 340-350 before the end.
This resistance was just breach few days ago and went parabolic again!
I suspect now 316 will be the new resistance in case of a pullback.
Up trend line still intact, so we might see 340-350 before the end.