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MMby u/macro_mariamUnited Arab Emirates·1dAnalysis

$AAXJ - Watching 116 for now

Been keeping an eye on $AAXJ today; it's holding around the 116.30 level. There's a decent support zone I'm seeing around 116.205 which could indicate some accumulation, but a clear break below 116.00 would likely invalidate that and suggest further downside is on the cards. Not seeing a strong conviction either way just yet.

3 comments · 3 points

3 Comments

FLu/fernandez_lucas·1d

Interesting point on the 116.205 support. I'm new to this, how do you identify those specific support zones?

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OMu/omar48·1d

116.205 is a pretty precise support level to call out; what's your basis for that specific point? Seems like noise around 116 for now, rather than a clear accumulation point.

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ANu/andrea94·1d

Interesting, I was looking at that same level. Do you have a price target if it does manage to hold 116.205, or are you just watching for the current accumulation?

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