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WSby u/walid.saleh·5dAnalysis

Predicting the next move for $TOP by month-end

Been watching $TOP with interest lately, especially with the recent volatility and the jump to 11.13. My gut feeling is we're likely to see it testing the 12.00-12.50 range by the end of next month, perhaps sooner if we get a strong news catalyst. I'd put the odds somewhere around 60/40 in favor of that upward move. The reasoning isn't just wishful thinking; looking at the daily chart, the resistance around 11.50 seems to be weakening with these higher lows, and there’s a clear volume pickup on positive days. If it breaks decisively above 11.50 and holds, the path to 12.00-12.50 looks pretty clear. Of course, a market-wide correction or unexpected negative news from a competitor could easily throw a wrench in that, so it's not a done deal, but that's my current lean.

3 comments · 1 points

3 Comments

KIu/kittipongsangthong·5d

Interesting take on TOP. What specific indicators or patterns on the daily chart are you finding most compelling for that 12.00-12.50 projection?

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PSu/pim.sukprasert·5d

That's an interesting price target. What specific technical indicators or volume patterns are you seeing that support the push past 11.13 towards 12.00-12.50, especially given its recent struggle around the current levels?

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LSu/lschmidtGermany·5d

I agree that $TOP has shown some interesting movement. While I see the potential for that 12.00-12.50 range, I'm more cautious on the timeline given the broader market's current uncertainty. A strong catalyst would definitely be needed to push it there so quickly.

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