DZ BANK – Breakout auf neue Höchststände im Visier
14.06.2021 - INHALT
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14.06.2021 - INHALT
While few investors or traders pay much attention to monthly charts, the Viper Report’s Tom Aspray, runs monthly as well as weekly scans to find the best opportunities.
Pinduoduo Inc. (NASDAQ:PDD) and FuboTV Inc. (NYSE:FUBO) are all stocks that are nearing resistance levels. Here's a technical analysis for each. Tesla Daily Chart Analysis: The daily chart above shows Tesla stock has broken above the resistance level and looks to be possibly changing trend. The stock was forming a descending triangle pattern, but may now be breaking above resistance. The stock's old resistance level was near $500 — a key level for traders that possibly hints as support in the future. Below this level, the stock may take a further tumble. The stock looks to be breaki...
Below is a technical analysis of the chart. SOS Daily Chart Analysis: The chart shows that the stock has been trading within a channel throughout the year, and on increased volume during the past few months. The stock was previously unable to break above the $4 level. This area held as resistance before the stock was able to break above and retest the area as support. The $4 level now is holding as support at the bottom of the channel. The stock later showed resistance near the $8 level. The $8 area was a place on the chart where the stock struggled to cross above. This area may act as resi...
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