Clams Uptrend Confirmation
Aktualisiert
The overall trend of Clams remains bullish as it continuously rejecting the uptrend trendline and printing higher highs and higher lows. Today clams broke above the 61.8% strong resistance, that is at $9.2, confirming the bullish momentum.
Now $9.2 becomes a support and uptrend could accelerate while the volatility is also growing. First upside target is seen at 127.2% Fibonacci applied to the last corrective wave down after Clams produced an all-time high at $13. Fibonacci target is located at $16 and should be watched closely for potential breakout or rejection. Break above should result in a more exponential growth, while rejection might result in a corrective wave down.
On a downside note, only a break and close below the 200 Moving Average would invalidate bullish outlook.
Now $9.2 becomes a support and uptrend could accelerate while the volatility is also growing. First upside target is seen at 127.2% Fibonacci applied to the last corrective wave down after Clams produced an all-time high at $13. Fibonacci target is located at $16 and should be watched closely for potential breakout or rejection. Break above should result in a more exponential growth, while rejection might result in a corrective wave down.
On a downside note, only a break and close below the 200 Moving Average would invalidate bullish outlook.
Anmerkung
at the support
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