All articles tagged with #support and resistance
Supermicro's stock surged nearly 30% after an independent review cleared the company of accounting misconduct, alleviating fears of a Nasdaq delisting. The stock has rebounded significantly from its March lows, supported by high trading volumes. Key resistance levels to watch are $50, $64, and $97, while major support levels are at $30 and $23.
Natural gas pulled back from last week's high, testing support at the uptrend line, with a minor bullish indication. Demand picked up intraday, leading to a bounce to test resistance. Volatility is muted due to a U.S. bank holiday, with a possible doji close. A potential bearish double top reversal pattern has formed, with strong support expected at the 200-Day MA or higher. Despite some retracement, bullish indicators suggest natural gas may be ready to test recent highs after a period of consolidation.