After multiple rejections from the trend line, a breakdown occurred due to certain news and rumors.
The good thing is that the price is still above the 200-day moving average.
Expecting an upside move. but why?
By looking at the technical analysis, I have found that
1. The price has remained above the 200-day moving average.
2. A double bottom pattern or W pattern has formed, which is a sign of a bullish trend.
The good thing is that the price is still above the 200-day moving average.
Expecting an upside move. but why?
By looking at the technical analysis, I have found that
1. The price has remained above the 200-day moving average.
2. A double bottom pattern or W pattern has formed, which is a sign of a bullish trend.