Hopefully not too early, but it looks more and more like a good buy soon for a 311-312,50 tgt.
Daily: Trendline and horizontal support holds, MACD and Slow Stoch both up.
4 Hrs: Price is still below Kumo, but it printed a higher low today, which means the probability of double bottom is increasing. If it breaks higher, measured tgt from this pattern will be 312 - 312,50.
DMI is still bullish and Slow Stoch is turning up from oversold as well.
Short term equilibrium Px determinde by Kijun Sen and Senkou B is 307,30. (Daily Tenkan Sen is there too). This is the level to watch for a good risk-reward long entry.
Daily: Trendline and horizontal support holds, MACD and Slow Stoch both up.
4 Hrs: Price is still below Kumo, but it printed a higher low today, which means the probability of double bottom is increasing. If it breaks higher, measured tgt from this pattern will be 312 - 312,50.
DMI is still bullish and Slow Stoch is turning up from oversold as well.
Short term equilibrium Px determinde by Kijun Sen and Senkou B is 307,30. (Daily Tenkan Sen is there too). This is the level to watch for a good risk-reward long entry.
