Goodday fellow traders,
If your TA is strong...
Then the path will show its way...
Short term analysis:
Looks like a bull flag to me, but that does not mean it's going to breakout to the up side though. It all depends on the battle of the short term bulls & bears. Currently it's pretty much a tie. We need to see a break through the resistance. Then we'll know for sure.
Mid term analysis:
Rising channel. I'm kind of expecting more higher high's and higher lows, before any correction is going to happen. It all depends whether any support are going to get broken through by short term bears.
Scenario targets on the chart above.
Long term analysis:
Bull run started a while ago. What else do I have to say. Whether you missed the boat? Not if history is going to repeat itself. Target: 250K-260K in 2021.
If your TA is strong...
Then the path will show its way...
Short term analysis:
Looks like a bull flag to me, but that does not mean it's going to breakout to the up side though. It all depends on the battle of the short term bulls & bears. Currently it's pretty much a tie. We need to see a break through the resistance. Then we'll know for sure.
Mid term analysis:
Rising channel. I'm kind of expecting more higher high's and higher lows, before any correction is going to happen. It all depends whether any support are going to get broken through by short term bears.
Scenario targets on the chart above.
Long term analysis:
Bull run started a while ago. What else do I have to say. Whether you missed the boat? Not if history is going to repeat itself. Target: 250K-260K in 2021.
