Panjang
Rallies to challenge the 80.10 all-time-high
7-10-16
RTH @79.45 – bullish – Rallies to challenge the 80.10 all-time-high
RTH rallied strongly off the 74.01 low (June 27, 2016) to post a new YTD high at 79.46 (July 8, 2016). Bullish momentum suggest it is likely to challenge the 80.10 all time high (December 14, 2015). A decisive break through the latter is needed to confirm a 19-month base over the 66.66/66.92 double bottom (August 24, 2015/February 8, 2016 lows) and extend the rally towards 82.00 next.
However, failure to break through the 80.10 tough resistance area would signal loss of momentum, and suggest the 19-month range remains intact.
Outlook:
Daily: bullish
weekly: bullish
Monthly: bullish
RTH @79.45 – bullish – Rallies to challenge the 80.10 all-time-high
RTH rallied strongly off the 74.01 low (June 27, 2016) to post a new YTD high at 79.46 (July 8, 2016). Bullish momentum suggest it is likely to challenge the 80.10 all time high (December 14, 2015). A decisive break through the latter is needed to confirm a 19-month base over the 66.66/66.92 double bottom (August 24, 2015/February 8, 2016 lows) and extend the rally towards 82.00 next.
However, failure to break through the 80.10 tough resistance area would signal loss of momentum, and suggest the 19-month range remains intact.
Outlook:
Daily: bullish
weekly: bullish
Monthly: bullish
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.