We are still ranging with no major movements at all. This is always suspect, because we cannot be sure which way it will go.
Basing on the MACD we are still have downside bias (as a lagging indicator). The stochastic is positive (not shown), and we are well protected resistances at 13.90-14.23-14.29 for now. The Donchian channel is closing in as well.
Monday or Tuesday we will be below the cloud if no change in direction and resistance is 14.23 once again.
I feel still feel ok with short at 13.25-13.75 for a move to 11.80 > 10.05. A break above 14.30 would mean we may see 15.50-16.00 range, but these will be long-term selling levels. I am not inclined to buy right now because of the fact that the monthly chart is way overbought still.
Basing on the MACD we are still have downside bias (as a lagging indicator). The stochastic is positive (not shown), and we are well protected resistances at 13.90-14.23-14.29 for now. The Donchian channel is closing in as well.
Monday or Tuesday we will be below the cloud if no change in direction and resistance is 14.23 once again.
I feel still feel ok with short at 13.25-13.75 for a move to 11.80 > 10.05. A break above 14.30 would mean we may see 15.50-16.00 range, but these will be long-term selling levels. I am not inclined to buy right now because of the fact that the monthly chart is way overbought still.
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.