$PONY Daily Analysis 🚀
Price: $6.89 (-2.82%)
Structure: Bearish impulse / Potential reversal zone
Overview:
Pony AI seems to have completed a 5-wave impulsive drop from its highs and is now attempting to form a bottom.
Key Levels:
🔹 Support: $6.59 (0.887 Fib) and $6.37 — holding this zone could trigger a rally.
🔹 Resistance: $7.04, then $8.50.
Indicator:
The bottom oscillator is exiting oversold territory near 44.58, signaling weakening selling pressure.
Scenario:
If $6.37–$6.59 holds, a correction toward $8.50–$10.00 is possible. A daily close below $6.37 invalidates this view.
Not financial advice. DYOR. 📉📈
#PONY #Stocks #TechnicalAnalysis