Starting off with the daily, PPM1 is still solidly in trend mode, which means the 10SMA will still act as a strong support initially.
That said, the trajectory of PPM1 is still down. However PPM2 is predicted to be rising. Hence even if the 10SMA is breached, the 21SMA is likely to hold the line.
PPM3 is not giving any useful info for now as it is trendless and predicted to stay trendless for the time being.
Moving over to the weekly, all 3 PPMs are in uptrend, though PPMs 1 and 2 are below their derivatives. Expect a breach of their respective SMAs but I'm not expecting any major downturn any time soon.
The angle of attack of the 21SMA is still significant, hence it is likely to maintain that trend for the next 2 to 3 bars unless something drastic happens to the price.
That said, the trajectory of PPM1 is still down. However PPM2 is predicted to be rising. Hence even if the 10SMA is breached, the 21SMA is likely to hold the line.
PPM3 is not giving any useful info for now as it is trendless and predicted to stay trendless for the time being.
Moving over to the weekly, all 3 PPMs are in uptrend, though PPMs 1 and 2 are below their derivatives. Expect a breach of their respective SMAs but I'm not expecting any major downturn any time soon.
The angle of attack of the 21SMA is still significant, hence it is likely to maintain that trend for the next 2 to 3 bars unless something drastic happens to the price.
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.