breakout failure of STERTOOLS-EQ

128
STERTOOLS-EQ is fundamentally sound company but the price is giving an indication of bear phase for the company.

the price has successfully given a breakdown with H&S pattern. the pattern is clearly visible on daily time frame. i couldnt show it here because i have choosen weekly time frame.

price has successfully given a breakout at ~245 - 275 levels in 2022 and has not yet retested the breakout. in this bear phase STERTOOLS-EQ will most likely test those levels.

in the down fall towards ~250 levels there will be fib 0.61 level where the price will bounce and will appear to sustain but most likely it will be used as a sell on rise opportunity.

as always trade as per your risk capacity.

면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.