Target: How much will it fall? An important MoB level...

31 maj 2023

There is from my point of view an BnR Pattern in the chart. At 129,9 there is an important resistance level, the highs if Nov/Dec 2019. The first parallel channel as well as a support line cross this resistance mid of June thus this may be a level where we may see an bounce back or if this level breaks much deeper targets (111 $)

18 paź 2023

Uwaga

So far nothing new. We are still stuck in the second channel, a bearish break was again rejected but nevertheless this means eroding prices at all. So this is the the ugly, hurting and slow kind of a falling knife, still no clear reverse signal.