Since 2010, a really loadable bottom @ 28$ established itself. Several times HONDA tested this "buying-Niveau" and was bought.
This Year, Honda dived through this Level and made a new low at 24.5$
After this break, Honda retested this former support Zone 2 times but could not overcome this level.
As Long Honda is trading below 28$-28,75$ this Level still remains as a Pivot resistance Level. With my technical view i see a clear bearish flag. The TP of this pattern could be 21,5-22,5$.
Prices above the old Support Zone (~28,5) will generate a Long Setup with taget @ the midterm downtrend`s uper edge @ 30,5-31$
In my Chart i have illustrated the mentioned short Position by virtue of the bearish flag.
This Year, Honda dived through this Level and made a new low at 24.5$
After this break, Honda retested this former support Zone 2 times but could not overcome this level.
As Long Honda is trading below 28$-28,75$ this Level still remains as a Pivot resistance Level. With my technical view i see a clear bearish flag. The TP of this pattern could be 21,5-22,5$.
Prices above the old Support Zone (~28,5) will generate a Long Setup with taget @ the midterm downtrend`s uper edge @ 30,5-31$
In my Chart i have illustrated the mentioned short Position by virtue of the bearish flag.
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ideal....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.
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.