It has broken down the recent low support at about 3053 on 18th Dec 2018 and continue to trend lower to touch 3023 on 24th Dec before Bull take control and manage to close slight highly at 3051.
The volume seem low which may not seem so healthy!
One consolation is that RSI is generally showing a Bullish divergence. Let's hope it can move up to retest 3061 which is the immediate Resistance .
The overall picture is still gearing towards downtrend.
let hope the recent low of 3023 can hold up well and hopefully manage to pierce through 3061 and head higher towards 3100 level.
Not a call to buy or sell.
Pls dyodd.
No comments:
Post a Comment