*Overall trend is bullish.
*Recent selloff from all time highs around 490 resulted in bearish channel which was pullback
*Seller failed to push prices past previous support area of 430.
*Bearish channel broke by upside gap due to postive earnings release
*Earnings release : positive earnings and revenue growth beating analysts forecast by 2.29% and 1.59% respectively.
*Channel resistance retested, by selloff after earnings release, close above 50 day moving average indicating buying pressure
*buying pressure pushes prices past previous high indicating buyers are in control.
*Recent selloff from all time highs around 490 resulted in bearish channel which was pullback
*Seller failed to push prices past previous support area of 430.
*Bearish channel broke by upside gap due to postive earnings release
*Earnings release : positive earnings and revenue growth beating analysts forecast by 2.29% and 1.59% respectively.
*Channel resistance retested, by selloff after earnings release, close above 50 day moving average indicating buying pressure
*buying pressure pushes prices past previous high indicating buyers are in control.
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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.