Risking a bottom rebound
Strong bullish rebound at 36.29-37.64 support zone was relatively a strong signal for bottoming. Though larger trend from 15 Aug 2023 looks distributive, we are gunning for one more short-term upside towards 41.00, 43.08 and 46.00 tp prices.
First, the piercing line rebounded after a bearish gap down the day before, signaling bearish exhaustion. Though prices has yet to clear the resistance at 39.03, the consolidative narrow range is likely to be a bullish continuation for the shorter-term period. Hence, I maintain my buy.
First, the piercing line rebounded after a bearish gap down the day before, signaling bearish exhaustion. Though prices has yet to clear the resistance at 39.03, the consolidative narrow range is likely to be a bullish continuation for the shorter-term period. Hence, I maintain my buy.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.