Q1 HOGO Swap – Technical Update

Overview

• Momentum is moving higher from oversold conditions.

• Seeing follow-through from the bullish reversal bar on September 9  

• Four consecutive days of higher lows and higher closes.

• The decline from the June high stalled just above the 50% Fibonacci retracement at 14.78.

Resistance Levels:

• 17.42 – 20-day moving average

• 19.03 – High from September 3 and aligns with the upper Bollinger Band

Support Levels:

• 15.36 – Low from September 11

• 14.78 – 50% Fibonacci retracement

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