Let it Rain!
Technical Analysis of Rain:
Over the past two years, Rain's price has been in a consolidation phase following a significant 300% increase from April 2020 to July 2021. It's important to note that this price surge occurred alongside a broader market rally during the same period.
Positive Indicators:
The weekly and monthly charts highlight some encouraging signs. Notably, there has been a sudden increase in trading volume [W], and the MACD lines and bars have been flatlining on the monthly timeframe, which may indicate a potential shift in momentum.
Key Support and Resistance Levels:
Support: 140
Resistance: 190, 225, 255
Disclaimer:
This analysis is intended for educational purposes and is not a recommendation to buy. It is important to learn how to recognize and understand patterns in stock movements.
Over the past two years, Rain's price has been in a consolidation phase following a significant 300% increase from April 2020 to July 2021. It's important to note that this price surge occurred alongside a broader market rally during the same period.
Positive Indicators:
The weekly and monthly charts highlight some encouraging signs. Notably, there has been a sudden increase in trading volume [W], and the MACD lines and bars have been flatlining on the monthly timeframe, which may indicate a potential shift in momentum.
Key Support and Resistance Levels:
Support: 140
Resistance: 190, 225, 255
Disclaimer:
This analysis is intended for educational purposes and is not a recommendation to buy. It is important to learn how to recognize and understand patterns in stock movements.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.