STM its time to buy ??
📉 Downtrend Line: The downtrend line (marked in yellow) that started from the highest peaks serves as strong resistance. The stock has failed to break above this line several times, reinforcing it as a critical resistance level for the future.
🟠 Strong Support Level: The stock found stable support at the 30.01-29.99 level, but we see the price closing below this level, raising the question of whether we might witness a new bottom soon.
📊 Supply and Demand Zones:
The supply zone between 38.37 and 43.33 is a place where the stock may encounter strong resistance if we see a move back upwards.
The demand zone between 29.99 and 30.01 is the last line of defense for the bulls, and if it breaks, we might see further declines.
🔍 Price Gap: There is a gap above 50, which signifies a sharp price movement. This gap could serve as a target for future upward movement, but currently, we are far from it.
⚠️ Breaking Point: We are at a critical point where the price is at the bottom of a strong support level. Will the bulls regain control, or will the bears lead to further decline?
🟠 Strong Support Level: The stock found stable support at the 30.01-29.99 level, but we see the price closing below this level, raising the question of whether we might witness a new bottom soon.
📊 Supply and Demand Zones:
The supply zone between 38.37 and 43.33 is a place where the stock may encounter strong resistance if we see a move back upwards.
The demand zone between 29.99 and 30.01 is the last line of defense for the bulls, and if it breaks, we might see further declines.
🔍 Price Gap: There is a gap above 50, which signifies a sharp price movement. This gap could serve as a target for future upward movement, but currently, we are far from it.
⚠️ Breaking Point: We are at a critical point where the price is at the bottom of a strong support level. Will the bulls regain control, or will the bears lead to further decline?
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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.