NIK225 - 20h expiry - We look to Buy at 25620 (stop at 25400)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. We are trading at oversold extremes. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. Previous support located at 25616. Preferred trade is to buy on dips. Although the anticipated move higher is corrective, it does offer ample risk/reward today.
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