UNFI Facing Resistance: Bounce or Breakdown? โ๏ธ๐ฅ
#UNFI bulls face a challenge after a harsh rejection from the key resistance zone of $5.57 - $5.79. The price is currently hovering near the support line within a channel pattern.
Potential Scenarios:
Bounce: If $UNFI finds support at the current level, we could see a price swing back upwards within the channel.๐
Breakdown: A break below the support line could trigger a significant drop towards the next #support area of $3.05 - $3.25.๐ฉธ
Key Takeaways:๐
UNFI is at a critical juncture, with the price action dictating the next move.
A bounce could signal a continuation of the channel pattern.
A breakdown suggests further downside potential towards the $3.05 - $3.25 support zone.
What's Your opinion on This ??
