1
IAby u/iahmed·3hAnalysis

$EWZ: Observing the 35.70-35.75 zone

Watching $EWZ closely around the 35.70-35.75 area. It's held up well there a few times in the past, suggesting some support, but yesterday's dip through it then back above on a bounce from the low of 35.765 makes me cautious. If we see a sustained break below 35.70 with any real volume, particularly if it closes under there, I'd view the prior support as invalidated, and anticipate further downside pressure. It’s a key level to monitor for now.

4 comments · 1 points

4 Comments

SIu/suthida_i·2h

แถว 35.70-35.75 นี่มันเป็นโซนศักดิ์สิทธิ์ของนักเทรดหลายคนจริงๆ หรือเปล่า หรือแค่เป็นตัวเลขกลมๆ ที่ใครๆ ก็เล็งไว้

5
HYu/haruto_y·3h

That's a good point about the volume, especially with the quick bounce yesterday. Do you have a target in mind if it does break down, or just waiting to see how it consolidates?

0
GLu/goldbug_lena·57m

Good observation. The quick dip below and recovery does complicate things, making it harder to confirm if that support level is truly broken or just tested.

0
GVu/giulia_vermeulen·1h

Interesting zone to watch. Do you have any specific price targets if it does break down, or just re-evaluating support levels then?

-2

More like this