$GRAM — two zones to watch for a recovery
For $GRAM , a recovery rally to $2.6 is being considered. If resistance is broken and held, the next area to watch will be around $3.7.
A rise to these levels does not yet prove that a new major trend has begun. After a steep decline, the market can stage a notable bounce and then encounter sellers again.
The key question is the quality of the move: are there successive upward impulses and is the price holding above the levels it has broken through, or is it moving higher with repeated setbacks? At resistance, the reaction should be reassessed rather than simply carrying forward previous expectations unchanged.
For $GRAM , a recovery rally to $2.6 is being considered. If resistance is broken and held, the next area to watch will be around $3.7.
A rise to these levels does not yet prove that a new major trend has begun. After a steep decline, the market can stage a notable bounce and then encounter sellers again.
The key question is the quality of the move: are there successive upward impulses and is the price holding above the levels it has broken through, or is it moving higher with repeated setbacks? At resistance, the reaction should be reassessed rather than simply carrying forward previous expectations unchanged.