TOTAL3 SIMPLE WEEKLY TIME-FRAME OVERVIEW

442
  • Downtrend since the beginning of April.
  • Since then, we have seen the formation of higher lows, strengthening the trend.
  • We are in a mid-range that is acting as a support level at the 560B price point.
  • Stock RSI indicates an oversold price point (last time at this level: May 2023).
  • The mid-range we are playing is between the 470B support level and the 640B resistance.
  • Following the trend, we have a high probability of seeking liquidity at lower levels due to the lack of supports at this 560B level, to then catapult to a new ATH, likely between 515B and 470B.
  • Good entry point, but don't go all in yet. We can have better options if it keeps going lower. Do make some entries here.

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.