Recent price action: Bullish
Pattern: Potential inverse head and shoulders.
Long-term momentum: Bullish
Short-term momentum: Bullish
Bias: Long
Action: Ride current U.S. trades to weekly resistance, sell, then rebuy after price finds support again. Would be nice for price to retest 29 EMA for support.
Comments: Price is finally trading above all EMA’s. Price is approaching an area of resistance that has held almost one year (late June/early July). There will definitely be a rejection there, but after price finds support, continue the buying.
Pattern: Potential inverse head and shoulders.
Long-term momentum: Bullish
Short-term momentum: Bullish
Bias: Long
Action: Ride current U.S. trades to weekly resistance, sell, then rebuy after price finds support again. Would be nice for price to retest 29 EMA for support.
Comments: Price is finally trading above all EMA’s. Price is approaching an area of resistance that has held almost one year (late June/early July). There will definitely be a rejection there, but after price finds support, continue the buying.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.