1. Today rebound from support 5.75 with nice bullish marubozu candle closing at 6.04.
2. Testing MA50 since last week and strong rebound on today.
3. MA 20, MA50, MA100, MA200 all in uptrend. Overall nice setup after consolidation in between August to November.
Hopefully tomorrow MACD can make a nice GC above 0.
Cautious.
1. Short term down trend not breaking yet. If tomorrow can breakout from down trendline and sustain will be very positive.
2. 5.75 will be support. Risk management always be your priority.
Trade at your own risk. Information should not be considered as an offer or enticement to buy, sell or trade. You should seek appropriate advice from your broker, or licensed investment advisor, before taking any action. Past performance does not guarantee future results.
2. Testing MA50 since last week and strong rebound on today.
3. MA 20, MA50, MA100, MA200 all in uptrend. Overall nice setup after consolidation in between August to November.
Hopefully tomorrow MACD can make a nice GC above 0.
Cautious.
1. Short term down trend not breaking yet. If tomorrow can breakout from down trendline and sustain will be very positive.
2. 5.75 will be support. Risk management always be your priority.
Trade at your own risk. Information should not be considered as an offer or enticement to buy, sell or trade. You should seek appropriate advice from your broker, or licensed investment advisor, before taking any action. Past performance does not guarantee future results.