STERTOOLS-EQ is fundamentally sound company but the price is giving an indication of bear phase for the company.
the price has successfully given a breakdown with H&S pattern. the pattern is clearly visible on daily time frame. i couldnt show it here because i have choosen weekly time frame.
price has successfully given a breakout at ~245 - 275 levels in 2022 and has not yet retested the breakout. in this bear phase STERTOOLS-EQ will most likely test those levels.
in the down fall towards ~250 levels there will be fib 0.61 level where the price will bounce and will appear to sustain but most likely it will be used as a sell on rise opportunity.
as always trade as per your risk capacity.
the price has successfully given a breakdown with H&S pattern. the pattern is clearly visible on daily time frame. i couldnt show it here because i have choosen weekly time frame.
price has successfully given a breakout at ~245 - 275 levels in 2022 and has not yet retested the breakout. in this bear phase STERTOOLS-EQ will most likely test those levels.
in the down fall towards ~250 levels there will be fib 0.61 level where the price will bounce and will appear to sustain but most likely it will be used as a sell on rise opportunity.
as always trade as per your risk capacity.
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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.