Last week of the month. Overall bias is bullish.
The MA cross, Weekly bullish engulfing, great fundamentals and overall price action makes this an attractive buy.
I expect a break above TL (11925 - 11950), retest and continuation on this index.
11600 would be the ideal entry price because the indecision candles make me think we could see a short term decline before flying up, hence the stop around 11550.
Just shy off a 1000point trade so would be very interesting to see how this plays out.
The MA cross, Weekly bullish engulfing, great fundamentals and overall price action makes this an attractive buy.
I expect a break above TL (11925 - 11950), retest and continuation on this index.
11600 would be the ideal entry price because the indecision candles make me think we could see a short term decline before flying up, hence the stop around 11550.
Just shy off a 1000point trade so would be very interesting to see how this plays out.
