MAERSK Uptrend

50
TREND
According to the wave structure, it is still in the downtrend
However, head and shoulders formation is a powerful reversal indicator.
It also formed a blue channel, now targeting the upper band

Moving Averages
20-day (Red) crosses 50-day (Orange) from down to up (powerful indicator supporting uptrend)
100-day (Turquoise) is below the current price (so supports uptrend)
200-day (Blue) is right below the current price (it becomes support now)

SUMMARY
Based on this analysis, a price action following the blue arrow is highly probable.

Penafian

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