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.

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  • PeteLeacock
    ·06-04
    Nice analysis! Swing lows indicate retracement, and the EMA lines support the upward move. [Aplaud]
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  • JW1999
    ·06-05

    Great article, would you like to share it?

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