The price bounces from SMA20 and a support zone
formed by 320.00 and 300.00 levels. RSI
and a reversal candlestick
pattern confirm price reversal. DMI allows open long trades. MACD
confirms downward movement, but we can trade based on the previous signals. If you want to get more reliable signal, you should wait for MACD
histogram reversal. For other traders, pending orders for buy must be placed at 337.00 level with stop orders at 275.00 level. Profit target should be near 400.00 resistance level
. If the market drops below 300.00 support level
, the next buy signal will be near SMA50.