Community Message Board
Join our message board, where individuals can freely share thoughts and engage in discussions on a wide range of financial topics. It serves as the perfect platform for connecting with others that share a similar interest, fostering an environment where everyone, regardless of their unique financial journey, can contribute ideas and learn from eachother.
Support Now Acting As Resistance for USOIL
Today’s OPEC meeting is creating some uncertainty around oil prices, especially as tensions start to escalate in the Middle East. USOIL has lost support within this yellow channel, and now the yellow trendline is acting as resistance around $71. I think USOIL is still neutral below resistance, and would need to break above $71 to […]Read More
Lots of Red for Silver
SLV has formed a bullish breakout above the yellow resistance line around $28, but there is little buy volume to help the price rally. Instead, SLV is experiencing a lot of red above $28 and is at risk of dropping back down. As I’ve said in the previous updates, I’m not bullish on SLV after […]Read More
MELI Flipping All Time Highs Into Support
MELI is a very bullish emerging market stock that has a lot of growth potential. Currently MELI has rallied to new all time highs, and is retesting the white resistance line as support around $1,970.81. I would monitor to see if MELI flips resistance into support here to rally higher. I have the red resistance […]Read More