Forum Topics AD8 AD8 Bear Case

Pinned straw:

Added 6 months ago

nice little jump today, however I hate to say it still, Im not convinced. Im still seeing potential for the down side. Ill see how this next pull back plays out.

thunderhead
Added 6 months ago

Well, it's holding that area of support around $15 quite well so far, though it's too early to give it an all clear from a technical perspective.

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thunderhead
Added 6 months ago

Looks like it is testing an upward sloping 200DMA from below. How it acts here is important.

Of course, anything tech-related has enormous tailwinds. NVidia and Nasdaq going ballistic over in the states.

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thunderhead
Added 5 months ago

Being rejected so far, though not emphatically so. The jury's still out...

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thunderhead
Added 5 months ago

Moving back above it now, which leans bullish. Not a clear break above on higher volume though, so may need a little more time.

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jcmleng
Added 5 months ago

14 June 2024 position:

The 14.27 to 15.15 support level held up very nicely but volume is rather light for this upswing to be sustainable. The failure to move above the SMA 200 line is thus not surprising.

Any trading updates in early July will decisively drive the next move, thats for sure, so bouncing around at these levels in the next few weeks may not be an unreasonable expectation ahead of that.

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thunderhead
Added 5 months ago

It sure is holding up pretty well. Any change in your technical outlook based on the recent price action @Saiton?

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