Now, in order to get confidence that the uptrend has regained fuel, investors would like to see a recovery above 57.00, around August 16th. This could initially target the highs of July 21st and 27th, at 57.55, the break of which would take the stock into territories last tested in March 2020. The next resistance may be around February 2022, which if it doesn’t hold, could pave the way towards the peak of 60$ per share.
Shifting attention to short-term oscillators, we see that the lies below 40 and points downward, while the runs below both its zero and trigger lines, pointing down as well.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD’s) carry a high-risk level. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and such sites. Furthermore, one understands that the company carries zero influence over transactions, needs, and trading signals. Therefore, it cannot be held liable nor guarantee any profits or losses.