Technical analysis by algola about Symbol HIGH on 6/11/2024

First of all, let me say that many of us, including me, did not expect it to fall this much. It fell by 72% of the exit of the 1.33-9.77 megaphone formation (expanding triangle). Although the decline seems to have stopped at Fibo 0.618 $2.85, the danger is still not over. If the possible decline continues, the SMA233 AVERAGE, which is the alt band of the megaphone formation, may continue until around 2.40. This level is also This is the worst case scenario. In order to say that it has recovered, we need to see a day close or at least a 4-hour close above the Fibo 0.5 3.60 level and the 100-day Simple Average. If it happens like this, the return will be harsh. Medium term: The target would be between $13-15. I wrote two possible scenarios, so you can follow your own path by making your own ideas and analysis.