NETSOL TECHNOLOGY (NASDAQ) (DECODED ANALYSIS)

NETSOL TECHNOLOGY (NASDAQ)

The yearly pattern has been bullish since January, this pattern is very important, if it breaks, a new one will likely develop around 2029, (No support found).

The half yearly pattern has been bullish since January 2024, with one support noted at $2.15.

The quarterly pattern is almost bullish, the next green quarterly candle will indicate a bullish trend, above $5.80, the structure will remains bullish, (No support found).

The monthly pattern will be bullish in December, January, two supports are noted at $2.40 and $2.09.

The weekly pattern is bullish but at the wrong place, another weekly bullish pattern needs to form, three supports are noted at $4.00, $2.96, and $2.26.

If the yearly pattern stays bullish, the above resistances are noted to be tested at $7.00, $10.00, $11.40, $15.20, and it could likely reach $27.60.

The quarterly resistances are noted to be tested at $10.10, $11.70, and $20.00.

The monthly major resistances are noted to be tested at $12.10, $21.60, and $23.00.

The weekly resistances are noted to be tested at $6.61, $10.53, $13.74, $20.30, and $58.60.

Overall, bearish market supports are noted at $1.52 and $1.17.

Disclaimer, This message is for educational purposes only,

Always DYOR,

Note, TradingView doesn't allow me to share my technical analysis chart,