Midterm forecast: - While the price is above the support 30.850, continuation of uptrend is expected.
- We make sure when the resistance at 42.900 breaks.
- If the support at 30.850 is broken, the short-term forecast -continuation of uptrend- will be invalid.
Technical analysis: - There is a divergence in RSI and price between the peak at 40.565 on 2020-06-08 and the peak at 41.61 on 2020-06-23, the probability of uptrend continuation is decreased and the probability of beginning the correction wave is increased.
- A trough is formed in daily chart at 37.55 on 06/29/2020, so more gains maximum to Major Resistance (42.90) is expected.
- Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
- Relative strength index (RSI) is 63.
Supports and Resistances: - 63.10
- Resistance on 01/08/2020
- Resistance on 01/07/2020
- Resistance on 01/03/2020
- Resistance on 09/16/2019
- Resistance on 05/22/2019
- Resistance on 05/13/2019
- Resistance on 05/06/2019
- Support on 05/01/2019
- Support on 04/16/2019
- Support on 04/15/2019
- Support on 04/08/2019
- Resistance on 04/03/2019
- Resistance on 11/07/2018
- Resistance on 11/06/2018
- Support on 11/01/2018
- Support on 04/10/2018
- Support on 04/05/2018
- Support on 04/04/2018
- Resistance on 03/06/2018
- Resistance on 02/28/2018
- Resistance on 02/22/2018
- Support on 02/06/2018
- Support on 02/05/2018
- Support on 01/22/2018
- Support on 01/19/2018
- Support on 01/12/2018
- Support on 01/10/2018
- 54.75
- Resistance on 02/20/2020
- Support on 01/23/2020
- Support on 11/20/2019
- Support on 10/30/2019
- Support on 10/29/2019
- Resistance on 10/22/2019
- Resistance on 10/18/2019
- Support on 09/27/2019
- Support on 09/12/2019
- Resistance on 09/03/2019
- Support on 08/30/2019
- Support on 08/22/2019
- Support on 08/19/2019
- Support on 08/14/2019
- Resistance on 08/12/2019
- Resistance on 08/09/2019
- Support on 08/05/2019
- Support on 07/18/2019
- Resistance on 06/19/2019
- Resistance on 06/10/2019
- Support on 03/08/2019
- Support on 02/15/2019
- Resistance on 02/13/2019
- Resistance on 01/31/2019
- Resistance on 01/30/2019
- Resistance on 12/05/2018
- Resistance on 12/04/2018
- Resistance on 11/22/2018
- Resistance on 11/21/2018
- Support on 11/13/2018
- Support on 11/03/2017
- Resistance on 11/01/2017
- Resistance on 10/31/2017
- Resistance on 02/27/2017
- Resistance on 02/23/2017
- Resistance on 02/22/2017
- Resistance on 02/21/2017
- Resistance on 02/02/2017
- Resistance on 01/06/2017
- Resistance on 01/05/2017
- Resistance on 01/03/2017
- Resistance on 12/28/2016
- 50.70
- Support on 02/24/2020
- Support on 02/13/2020
- Support on 02/06/2020
- Support on 10/03/2019
- Support on 08/07/2019
- Support on 06/12/2019
- Support on 06/05/2019
- Trough on 06/05/2019
- Support on 01/15/2019
- Support on 01/14/2019
- Support on 12/13/2018
- Support on 12/11/2018
- Support on 12/10/2018
- Support on 12/07/2018
- Support on 12/06/2018
- Support on 11/27/2018
- Support on 10/12/2017
- Support on 10/11/2017
- Support on 09/25/2017
- Resistance on 09/19/2017
- Resistance on 09/18/2017
- Resistance on 09/15/2017
- Resistance on 09/14/2017
- Support on 04/19/2017
- Resistance on 03/30/2017
- Resistance on 03/09/2017
- Support on 12/08/2016
- Resistance on 10/25/2016
- Resistance on 10/17/2016
- Resistance on 06/24/2016
- Resistance on 06/22/2016
- Support on 06/09/2016
- Support on 06/08/2016
- Resistance on 10/12/2015
- Resistance on 10/09/2015
- Resistance on 07/22/2015
- Support on 07/17/2015
- Support on 07/16/2015
- Support on 07/14/2015
- Support on 07/08/2015
- Support on 07/07/2015
- Support on 04/08/2015
- Support on 03/05/2015
- Resistance on 03/03/2015
- Resistance on 03/02/2015
- Resistance on 02/23/2015
- Support on 02/19/2015
- Support on 02/17/2015
- Support on 02/13/2015
- Support on 02/10/2015
- Resistance on 02/05/2015
- Resistance on 01/15/2015
- 42.90
- Support on 06/26/2017
- Support on 06/20/2017
- Support on 11/14/2016
- Resistance on 07/27/2016
- Support on 04/26/2016
- Resistance on 04/19/2016
- Resistance on 04/15/2016
- Resistance on 04/14/2016
- Resistance on 04/13/2016
- Resistance on 04/12/2016
- Resistance on 12/04/2015
- Support on 11/25/2015
- Resistance on 11/23/2015
- Resistance on 11/20/2015
- Resistance on 11/13/2015
- Support on 10/27/2015
- Support on 08/28/2015
- Resistance on 08/27/2015
- Resistance on 08/19/2015
- Resistance on 08/14/2015
- 35.40
- Support on 06/15/2020
- Support on 06/12/2020
- Support on 06/11/2020
- Support on 06/02/2020
- Resistance on 05/29/2020
- Resistance on 03/11/2020
- Resistance on 03/10/2020
- Resistance on 03/09/2020
- Support on 03/04/2016
- Resistance on 03/01/2016
- Resistance on 02/26/2016
- Resistance on 01/28/2016
- Support on 12/21/2015
- 30.85
- Support on 05/22/2020
- Resistance on 04/09/2020
- Resistance on 04/03/2020
- Resistance on 03/17/2020
- Support on 03/13/2020
- Support on 03/12/2020
- Support on 02/24/2016
- Support on 02/17/2016
- Support on 02/16/2016
- Support on 02/15/2016
- Support on 02/08/2016
- Support on 01/27/2016
- 24.45
- Support on 05/11/2020
- Support on 05/08/2020
- Support on 05/06/2020
- Support on 04/17/2020
- Resistance on 03/27/2020
- Resistance on 03/23/2020
Click on the level to view price action history. |
