A price action above 1170 supports a bullish trend direction.
Confirmation for the bullish trend above 1200.
The target level is set at 1250 (200-day simple moving average).
The stop-loss level is at 1130 (lower range of the linear regression channel pattern).
MACD (lower panel) gave a bullish crossover, confirming a change in trend direction to bullish. This occurred in oversold territory.
Confirmation for the bullish trend above 1200.
The target level is set at 1250 (200-day simple moving average).
The stop-loss level is at 1130 (lower range of the linear regression channel pattern).
MACD (lower panel) gave a bullish crossover, confirming a change in trend direction to bullish. This occurred in oversold territory.