CYberviRus
06-04

$Airbnb, Inc.(ABNB)$  $Coinbase Global, Inc.(COIN)$  $Walt Disney(DIS)$  $NIO Inc.(NIO)$  share price have formed a swing low in recent price movements. The shorter term EMA lines either touched the longer term EMA or trading above it. This is an indication of retracement and price will likely resume it's upward move.

Swing highs are points on a chart where the price of a security reaches a high point before falling back down, while swing lows are points where the price reaches a low point before rebounding. These highs and lows can be used to identify temporary trends reversal, as well as areas of support and resistance.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（2）

  • Top
  • Latest
  • PeteLeacock
    ·06-04
    Nice analysis! Swing lows indicate retracement, and the EMA lines support the upward move. [Aplaud]
    Reply
    Report
  • Jiaweipuah
    ·06-05

    Great article, would you like to share it?

    Reply
    Report