WBA Potincail reversal up trend move coming
there is a high probability of a bullish reversal. This assessment is supported by the following technical indicators:
-Falling Wedge Pattern: The formation of a Falling Wedge pattern after a prolonged period of downward price action indicates a potential bullish reversal.
-Increased Volume: Rising volume levels over the past several months suggest growing interest and potential buying pressure.
-Positive Divergence: A positive divergence between price and RSI, suggests a bullish divergence and potential upward price movement.
If the price breaks above the trendline resistance level around 9.55, the nearest upside targets are at 12.81 and 15.45.
(SL) if a weekly close under 8.
Please note that this is a technical analysis based on the information provided and should not be considered financial advice. It is always recommended to consult with a financial advisor before making any investment decisions.
-Falling Wedge Pattern: The formation of a Falling Wedge pattern after a prolonged period of downward price action indicates a potential bullish reversal.
-Increased Volume: Rising volume levels over the past several months suggest growing interest and potential buying pressure.
-Positive Divergence: A positive divergence between price and RSI, suggests a bullish divergence and potential upward price movement.
If the price breaks above the trendline resistance level around 9.55, the nearest upside targets are at 12.81 and 15.45.
(SL) if a weekly close under 8.
Please note that this is a technical analysis based on the information provided and should not be considered financial advice. It is always recommended to consult with a financial advisor before making any investment decisions.
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