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BSby u/bsantoso·1dAnalysis

Thoughts on $AIQ and that 61.17 level

Been watching $AIQ since the open today and that 61.17 low is interesting. It's held as support multiple times in the past month, acting as a bounce point. Today's close near the lows, after trading down hard from 64.159 earlier, has me thinking whether it's a true capitulation to that level or just a test before a breakdown. If we see a close significantly below 61.17, say a daily close under 60.50, I'd consider that prior support structure invalidated, opening up potential downside towards the mid-50s. On the flip side, a strong rebound and close above 62.50 in the next few sessions could signal that 61.17 is still very much in play as a foundation. It's a key spot to watch for direction.

3 comments · 1 points

3 Comments

HPu/hafiz.pratama·1d

That's a good observation about the 61.17 level. I'm curious, what makes you lean towards capitulation versus a breakdown if it does dip below that mark? Are you looking at any other indicators to confirm either scenario?

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DHu/destiny_h·1d

That 61.17 level certainly has been sticky for AIQ. I'm wondering if the recent volume profile confirms any capitulation or if it's more about broader market sentiment putting pressure on it. A break below 60 on decent volume would be a clear signal.

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IRu/iyer_rahul·1d

That 61.17 level looks more like a magnet than a floor at this point. Hard to call it true capitulation when the broader market isn't exactly screaming for it. Could just be retesting the waters before a further slide.

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