CNXFINANCE: Bulls Borrow, Bears Lend!
Not one brush to treat. The candle that is very low upper wick and so far, negligible lower wick is a caution.
Bulls borrow hope on the channel, while bears wait for higher and assured.
With assumption of broader market on the corrective move down, selective hammering and selective crowding is going to be the order than otherwise.
Friday is relief, but weekends are not. Choose unless it is mandatory.
Suffice to say larger range 20800-21300, squeeze in there 20970-21230
Certain spaces showing tiredness, certain spaces showing short term support. Let the channel speak for itself.
Bulls borrow hope on the channel, while bears wait for higher and assured.
With assumption of broader market on the corrective move down, selective hammering and selective crowding is going to be the order than otherwise.
Friday is relief, but weekends are not. Choose unless it is mandatory.
Suffice to say larger range 20800-21300, squeeze in there 20970-21230
Certain spaces showing tiredness, certain spaces showing short term support. Let the channel speak for itself.
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