Technical Analysis: Bias Bullish
- Stochs have rolled over from oversold levels
- RSI has edged above 50, bias higher
- MACD shows bullish crossover on signal line
- Price action has broken above 21-EMA, bias higher
Support levels - 80.38 (21-EMA), 79.84 (5-DMA), 78.68 (Sept 7 low)
Resistance levels - 81.19 (55-EMA), 81.97 (100-DMA), 82
Good to go long on dips around 80.50, SL: 79.80, TP: 81.20/ 81.85/ 82
- Stochs have rolled over from oversold levels
- RSI has edged above 50, bias higher
- MACD shows bullish crossover on signal line
- Price action has broken above 21-EMA, bias higher
Support levels - 80.38 (21-EMA), 79.84 (5-DMA), 78.68 (Sept 7 low)
Resistance levels - 81.19 (55-EMA), 81.97 (100-DMA), 82
Good to go long on dips around 80.50, SL: 79.80, TP: 81.20/ 81.85/ 82