$EEM holding 65.00 support?

asked by u/white_tyler · 2d · 2 answers

Been watching $EEM pretty closely today. It's holding around that 65.00 level. Earlier dip to 64.97 held, and we've seen it bounce from there a couple of times. It's not a strong rebound, but the lower wick on today's candle, along with that prior support zone, suggests buyers are at least trying to defend it.

If it breaks convincingly below 64.90 on a sustained move, I'd consider that invalidated, and we could see a move towards the next significant support around 64.50. Just an observation, let's see how the day closes.

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Top answers

  • u/chloe65· 5 pts· 2d

    I've noticed that too. While it's holding for now, the lack of significant volume on those bounces is a bit concerning for a strong reversal. Might be more consolidation before a clearer move.

  • u/sota65· 2 pts· 1d

    Seems like a pretty weak hold if it's struggling to stay above a nickel below the stated support. I'd want to see some conviction before calling it a defended level.

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