$NEAR Yesterday around 5.28, now around 4.59—down about 13% in a day. On the hourly chart, the rebounds keep coming lower and lower; the morning rebound also didn’t hold. Near-term outlook is slightly bearish.
Support to watch below: 4.40—4.50, the prior consolidation area; it hasn’t been retested yet.
Resistance on rebounds: 4.75—4.85, the rebound zone that was just broken.
Around 4.58 it’s still testing new lows; the follow-through/market backing hasn’t been confirmed. If the hourly close regains and holds above 4.85, then the slightly bearish view is withdrawn.
Support to watch below: 4.40—4.50, the prior consolidation area; it hasn’t been retested yet.
Resistance on rebounds: 4.75—4.85, the rebound zone that was just broken.
Around 4.58 it’s still testing new lows; the follow-through/market backing hasn’t been confirmed. If the hourly close regains and holds above 4.85, then the slightly bearish view is withdrawn.
