Aegis Logistic, Technical Levels and Trade Zone
Hello Traders,
Chart Type - Heikin Ashi
Time Frame - Daily Swing Chart
The price has successfully tested its retracement level of 61.80% and the price holds these levels.
Swing High - 387.15 (August 2023)
Breakout Level - 347.95
First trade zone - 347.95 to 357.25
Second trade zone - 357.25 to 373.30
Breakdown Level - 338.65
Trade Zone - 338.65 to 308.60
Chart Type - Heikin Ashi
Time Frame - Daily Swing Chart
The price has successfully tested its retracement level of 61.80% and the price holds these levels.
Swing High - 387.15 (August 2023)
Breakout Level - 347.95
First trade zone - 347.95 to 357.25
Second trade zone - 357.25 to 373.30
Breakdown Level - 338.65
Trade Zone - 338.65 to 308.60
Kommentar:
Aegis Logistics Daily Chart: The price is in a strong downtrend. We have Strong body Red HA candles. The next level to watch is 317.55 which is a retracement level of 38.20%
Kommentar:
Aegis Logistics Daily Chart: Today we have a green HA candle with a high of 337. Now the interesting part is this level is a strong resistance on the daily as well as on the weekly charts. So, the level of 337.65 will decide the direction.
The price has successfully broken down the level of 338.65 which is the Fib Retracement level of 61.80%.
Weekly Chart
The price shows the weakness in the momentum and the price makes a negative move.