BERU.N Weekly
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BERU.N0000
Trend and Structure Analysis:
The price has been in a strong uptrend after a long accumulation phase near the support zone of 0.80–1.50, breaking into a higher range.
Currently, the price is consolidating just below the 3.20 resistance, suggesting a potential breakout if the buying pressure continues.
Support and Resistance Zones: Support Levels:
2.40–2.60: A crucial support zone where the price may consolidate or pull back before attempting another rally.
0.80–1.50: The previous accumulation zone now serves as long-term support.
Resistance Levels:
3.20: This is a major resistance level, aligning with the Fibonacci 0.618 retracement. A breakout above this would signal a continuation of the bullish trend.
3.50–3.60: Minor resistance levels aligning with the next Fibonacci extension.
Moving Averages: 30 MA (Yellow):
The price trades above the 30-week moving average, indicating strong short-term momentum.
50 MA (Purple):
The 50-week moving average slows upwards, providing a solid long-term support base.
Volume Analysis: Volume Surge:
The recent rally was accompanied by significant volume, indicating strong buyer interest. However, declining volume in consolidation phases could hint at weakening momentum unless a breakout is confirmed with renewed volume.
Bull Case Scenario:
A breakout above 3.20, confirmed with strong volume, could lead to:
Short-term targets of 3.50–3.60.
Long-term targets are around 4.00–4.20, based on Fibonacci extensions and prior price history.
Bear Case Scenario:
If the price fails to sustain above 3.20, a pullback to the 2.40–2.60 support zone is possible.
A breakdown below the 30 MA (~2.40) in a bearish scenario could lead to further downside towards 2.00 or even the 1.50 range.
Stage Analysis:
The stock appears to be in Stage 2 (Advancing Stage). The strong breakout from the prior accumulation zone suggests continuing the bullish trend, provided the resistance at 3.20 is overcome.
BERU.N0000 Trend and Structure Analysis:
The price has been in a strong uptrend after a long accumulation phase near the support zone of 0.80–1.50, breaking into a higher range.
Currently, the price is consolidating just below the 3.20 resistance, suggesting a potential breakout if the buying pressure continues.
Support and Resistance Zones: Support Levels:
2.40–2.60: A crucial support zone where the price may consolidate or pull back before attempting another rally.
0.80–1.50: The previous accumulation zone now serves as long-term support.
Resistance Levels:
3.20: This is a major resistance level, aligning with the Fibonacci 0.618 retracement. A breakout above this would signal a continuation of the bullish trend.
3.50–3.60: Minor resistance levels aligning with the next Fibonacci extension.
Moving Averages: 30 MA (Yellow):
The price trades above the 30-week moving average, indicating strong short-term momentum.
50 MA (Purple):
The 50-week moving average slows upwards, providing a solid long-term support base.
Volume Analysis: Volume Surge:
The recent rally was accompanied by significant volume, indicating strong buyer interest. However, declining volume in consolidation phases could hint at weakening momentum unless a breakout is confirmed with renewed volume.
Bull Case Scenario:
A breakout above 3.20, confirmed with strong volume, could lead to:
Short-term targets of 3.50–3.60.
Long-term targets are around 4.00–4.20, based on Fibonacci extensions and prior price history.
Bear Case Scenario:
If the price fails to sustain above 3.20, a pullback to the 2.40–2.60 support zone is possible.
A breakdown below the 30 MA (~2.40) in a bearish scenario could lead to further downside towards 2.00 or even the 1.50 range.
Stage Analysis:
The stock appears to be in Stage 2 (Advancing Stage). The strong breakout from the prior accumulation zone suggests continuing the bullish trend, provided the resistance at 3.20 is overcome.
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.