Sorry for the long reply but basically I would suggest finding high growth stocks that have dipped or fallen to
strong support levels without a real change in the company's outlook.
With the stock trading close to the 52 - week low and near a very
strong support level at $ 40 KO looked like a good buy.
If there is a break under the 10k mark this could mean a bigger decline in price, because the
next strong support level is at 8,000 $.
The long - term uptrend is still clearly intact, despite the internal weakness,
with strong support levels at 5850, 5800, and near 5725 where the rising trendline is also found currently.
The standout feature on the chart is
the strong support level near $ 43 and resistance near $ 54.
This also coincides with the neckline of the two pattern breakouts, IH&S and Double bottom pattern (on the daily chart), making
it a strong support level.
By the stock hitting these two «bottoms» or valleys, it is confirming
a strong support level.
Ripple had
a strong support level of around 0.90 $ which was broken since.
Realistically, investors could see Bitcoin reach $ 8,400 later this week, while
a strong support level means any downside would take it back to $ 7,800.
While I do think it's severly oversold at this stage and due a rebound the recent break of support at $ 3.20 (see chart below) has seen a significant sell - off as one might expect when
a strong support level is broken.
Strong support levels are found at $ 3 and $ 1.5, with a Fibonacci support between those at $ 2.35.
Strong support levels are near $ 300, at $ 265, and around $ 230.
If the price is above a moving average, it can serve as
a strong support level — meaning if the stock does decline, the price might have a more difficult time falling below the moving average price level.
Strong support levels are found at $ 18, and $ 16, while the $ 30 and $ 34 levels provide resistance.
I find this price very attractive since I believe it is a bargain price and also sits on a very
strong support level.
If the price is above a moving average, it can serve as
a strong support level — meaning if the stock does decline, the price might have a more difficult time falling below the moving average price level.
However Stellar seems to have
a stronger support level than Cardano.
We got a bullish divergence formed at
the strong support level.
Thus, $ 287 (Wednesday's low) is
a strong support level.