MI has been trading above its sloping 20-Days Moving Average which is a good sign.
In addition, the price just broke the resistance of 4.24 reinforcing the bullishness in the recent price movement.
This breakout was accompanied by a higher than average traded volume which shows the enthusiasm of the traders to push the price higher and past this resistance hence giving a higher probability of a succesful breakout.
Resistance Breakout 1 : 4.24 (4 August 2020)
Resistance Breakout 2 : 4.4 (13 August 2020)
Support 1 : 3.69 (-18.37%)
Support 2 : 3.55
Descending Triangle prediction at 28 Aug 2020.
Possible bearish price movement towards the resistance 3.69 within the next 25 days (42 bars : ETA 15 Sep 2020).
In addition, the price just broke the resistance of 4.24 reinforcing the bullishness in the recent price movement.
This breakout was accompanied by a higher than average traded volume which shows the enthusiasm of the traders to push the price higher and past this resistance hence giving a higher probability of a succesful breakout.
Resistance Breakout 1 : 4.24 (4 August 2020)
Resistance Breakout 2 : 4.4 (13 August 2020)
Support 1 : 3.69 (-18.37%)
Support 2 : 3.55
Descending Triangle prediction at 28 Aug 2020.
Possible bearish price movement towards the resistance 3.69 within the next 25 days (42 bars : ETA 15 Sep 2020).
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.