

The chart indicates an emerging trend with key levels in focus. A recent pullback may suggest consolidation. Breakouts could provide confirmation for future direction.
The chart depicts a recent upward trend after a sharp decline in early August.
A bullish reversal pattern is noticeable around mid-August, followed by a consolidation phase.
Recently, a small bearish candle suggests some selling pressure.
A bearish crossover occurred recently, indicating potential short-term downside momentum.
The histogram is decreasing, supporting the bearish sentiment and suggesting diminishing bullish momentum.
There is no apparent divergence between the MACD and price action.
There's an increase in volume during the upward push in the third week of August, supporting the price increase.
The decreasing volume in the recent pullback suggests a lack of strong selling pressure.
The spike in volume during mid-August could indicate institutional involvement in the reversal.
Key support is at $62, which has been tested multiple times.
Significant resistance is seen around $65, where price previously faced selling pressure.
These levels are crucial for determining future direction.
Consider buying if the price breaks above the $65 resistance with strong volume, confirming an upward momentum.
Watch for a break below the $62 support with increasing volume for potential short opportunities.
If the price remains between $62 and $65, consider holding until a clearer trend emerges.



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Secured By SSL. Copyright © Seekapa. All rights reserved. 2024
Company Information: This website (www.seekapa.com.com/) is operated by Bluepine Ltd, a Seychelles investment firm, authorised and regulated by the Financial Services Authority of Seychelles with license number SD183. Bluepine Ltd is located at Suite 205, 2nd Floor, Waterside Property Limited, Eden Island, Seychelles
Risk warning: Contracts for difference (‘CFDs’) is a complex financial product, with speculative character, the trading of which involves significant risks of loss of capital. Trading CFDs, which is a marginal product, may result in the loss of your entire balance. Remember that leverage in CFDs can work both to your advantage and disadvantage. CFDs traders do not own, or have any rights to, the underlying assets. Trading CFDs is not appropriate for all investors. Past performance does not constitute a reliable indicator of future results. Future forecasts do not constitute a reliable indicator of future performance. Before deciding to trade, you should carefully consider your investment objectives, level of experience and risk tolerance. You should not deposit more than you are prepared to lose. Please ensure you fully understand the risk associated with the product envisaged and seek independent advice, if necessary. Please read our Risk Disclosure document.
Regional Restrictions: Bluepine Ltd does not offer services within the European Economic Area as well as in certain other jurisdictions such as the USA, British Columbia, Canada and some other regions.
Bluepine Ltd does not issue advice, recommendations or opinions in relation to acquiring, holding or disposing of any financial product. Bluepine Ltd is not a financial adviser.