I originally spotted daily trend reversal few months ago (see my linked post). Price since May have been moving in down sloping channel. I expect price to keep declining:
$231 - minimum price target
$213 - most likely scenario
$197 - also very possible, but price might not dip that low. Would be an amazing buying opportunity.
On weekly chart there is 50 DMA coming up here which might cause a bit of upwards move. Just have to watch if price keeps behaving within current channel. If current price channel is broken, I might revise my opinion.
$231 - minimum price target
$213 - most likely scenario
$197 - also very possible, but price might not dip that low. Would be an amazing buying opportunity.
On weekly chart there is 50 DMA coming up here which might cause a bit of upwards move. Just have to watch if price keeps behaving within current channel. If current price channel is broken, I might revise my opinion.
التحليلات ذات الصلة
IYT to $253
Otradehouse
about IYT