Previously recommended as a long in Sept 2021 at ~5300c, recently traded as high as 8775c. Has since retreated to the early R60's
'Near oversold' on both daily & weekly time frames. Trading at lower boundary of 200-day linear regression channel (2.5x). In addition, has retreated to horizontal support. Looking for base to develop at or around current levels before potential bullish reversal.
For more research, including trade ideas, get in touch today.
(This chart was part of a broader research note published to client earlier today).
'Near oversold' on both daily & weekly time frames. Trading at lower boundary of 200-day linear regression channel (2.5x). In addition, has retreated to horizontal support. Looking for base to develop at or around current levels before potential bullish reversal.
For more research, including trade ideas, get in touch today.
(This chart was part of a broader research note published to client earlier today).
Penafian
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