WBA Potincail reversal up trend move coming
there is a high probability of a bullish reversal. This assessment is supported by the following technical indicators:
-Falling Wedge Pattern: The formation of a Falling Wedge pattern after a prolonged period of downward price action indicates a potential bullish reversal.
-Increased Volume: Rising volume levels over the past several months suggest growing interest and potential buying pressure.
-Positive Divergence: A positive divergence between price and RSI, suggests a bullish divergence and potential upward price movement.
If the price breaks above the trendline resistance level around 9.55, the nearest upside targets are at 12.81 and 15.45.
(SL) if a weekly close under 8.
Please note that this is a technical analysis based on the information provided and should not be considered financial advice. It is always recommended to consult with a financial advisor before making any investment decisions.
-Falling Wedge Pattern: The formation of a Falling Wedge pattern after a prolonged period of downward price action indicates a potential bullish reversal.
-Increased Volume: Rising volume levels over the past several months suggest growing interest and potential buying pressure.
-Positive Divergence: A positive divergence between price and RSI, suggests a bullish divergence and potential upward price movement.
If the price breaks above the trendline resistance level around 9.55, the nearest upside targets are at 12.81 and 15.45.
(SL) if a weekly close under 8.
Please note that this is a technical analysis based on the information provided and should not be considered financial advice. It is always recommended to consult with a financial advisor before making any investment decisions.
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.