Whisper TA/TC: Zeta (Jun-Sep, 24)

Price: $17.01

Analysis:

Trend Analysis:

5/28/24

• market trend high @ (+7.5%/18.26 (SBS DEV TP)) market declines from this point continues through +3.9%/$17.55 (SBS DEV 1H TP) & +1.5% / +0.9% TP's. expect

• Expect declining trend to continue to fill in decline gap Next expected TP = -3.9% / $16.33
  

Structure:

5/28/24

• Declining momentum has gained looks stable to continue decline

• Decline gap needs filling market continuing correction

• historical data suggests incline momentum is weak. strong inclined areas include: $15.82, $16.33, $16.92

Support & Resistance Levels:

5/28/24

• Support: $16.84, $16.57, $16.33

• Resistance: $17.14, $17.29

Crossovers & Moving Averages:

5/28/24

• Crossovers: (Deviation - 0.25/0.30%) , (Volatility - 1.75 / 1.8%)

• Moving Averages: 0.25%, 0.90%

Risk Management:

5/28/24

• 0.30, 0.50%,

News & Events:

5/28/24

• using 2nd week of July as trends guide
  

• 
  

Scenario Analysis:

5/28/24

• Continue decline to -0.9% / $16.84. *(expect to widen risk management @round this area due to directional bias uncertainty... $16.84 area)

• continue decline to $16.33 / -3.9% area

• may see short-term (0.30% - 0.65%) retracement (inclined) @ $16.84 area before decline continuation

Objective & Targets:

5/28/24

• Continue decline to -3.9% / $16.33

• expect retrace close to 70% then continue decline ... @ $16.84

YOLO:

Entry Point: $17.14, 16.95, 16.57

Exit Point: $16.33, $15.71