/biz/ - Business & Finance

>>52743719
I'm happy to give you my thoughts at least, just take em lightly.

Looking at SHLE for example, it's broken both the downtrend in early Oct and the larger downtrend in late Oct, but then failed to break the 200dma (green line) twice, the second being a lower high but then a higher low so it's just consolidating into a wedge. It's got a lot of support in the form of the 18, 50 and 100 dmas (red purple and yellow).
To me it looks like it's next stop is around 1.65 where the moving average supports combined with the uptrend support may save it, to then hopefully break the wedge upwards past the 200dma where the next resistance is 2.23. Otherwise it's riding that bigger downtrend line further down, but damn that's a lot of support it has to fall through first.

If I'm way off then maybe it'll bait someone into giving you a better analysis.