September 3 Chart of the Day - Bruker

Highly precise price action technical analysis offers the strongest trading edges and the most opportunities across the markets, making it the foundation of our reviews.

Bruker Corp. (BRKR) has endured a relentless 70% decline from its highs near $95, leaving the stock trading back in territory not seen in years. 

Sometimes less is more when analyzing a chart, and today we’ve stripped it down to the basics.

On the monthly chart, only support and resistance are marked. On the weekly, a single trend line adds clarity. Together, they provide a simple but powerful view of price action.

We'll review the chart from a price action perspective to identify potential levels of interest in both directions.

Consistent profitable investing and/or trading requires a structured, rules-based approach to price action analysis. Proven processes, disciplined risk-reward management, and precise execution create the foundation for long-term success.

When combined with powerful mental performance strategies, this method becomes the ultimate blueprint for thriving in any market, on any time frame. 

As requested, this analysis will take a price action technical analysis approach to assess key levels and potential next price moves for this chart.

Since May 2023, we've showcased over 600+ Charts of the Day and provide a Free Quick Start Guide to traders with ambitious income goals for our patent-pending NeuroTrading Method™.

Monthly Chart 

On the monthly chart, price has collapsed nearly 70% from its peak, now trading around $29. The most notable level below is long-term support near $26. If that level holds, BRKR could finally find its footing, but a breakdown would risk opening the door to even deeper losses.

The lack of indicators or overlays here allows the key horizontal levels to stand out clearly, showing just how important this zone has become.

With plenty of volatility traders have had much to be happy with while investors seemingly have been disappointed.

This kind of movement highlights why a cautious and well-informed approach is essential when evaluating a stock’s short to mid term outlook.

Weekly Chart

On the weekly chart, the picture comes into sharper focus with the addition of one rising trend line. That line, stretching back nearly a decade, has now been tested and broken.

Price is trading just beneath it, signaling that what was once a floor may now become resistance.

A sustained move back above the line would be the first sign of buyers regaining control, while continued rejection would confirm that bears remain in charge.

Price is testing long-term structural levels where the next few moves will be critical. Stripped-down charts remind us that support, resistance, and trend can often tell the story better than anything else.

It goes without saying though, the only guarantee in the markets is that price cycles.  It cycles up and it cycles down across all time frames and all charts and rarely, if ever, moves in a straight line.

Only time will tell for sure what price will do next...

We’ve combined Fibonacci levels with key support/resistance zones and trend analysis to pinpoint potential price levels of interest and future targets.

With precision-focused charts like these, both traders and investors can confidently build and execute their strategies.

So what's next? 

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