A little tricky here, it could falls back to the bullish diagonal trend line then rebound OR do a
gap up or followed by a bullish green candle pushed by the buyers next week or so.
Because the course of action by the geopolitics issue happening between Iran and US is not resolved, the price action might range for a while, i.e. hovering at the 24.76 level.
gap up or followed by a bullish green candle pushed by the buyers next week or so.
Because the course of action by the geopolitics issue happening between Iran and US is not resolved, the price action might range for a while, i.e. hovering at the 24.76 level.
Comment:
nice fall. Let it continue towards the red arrow so we can buy it cheaper later.
Comment:
When Oil price resumes its bullish move, this stock will follow as well. So, it might not retreat to the bullish trend line before rebounding. 23.53 seems to be an initial support and if this holds for next week, we might see some upward move.
Comment:
Looks good, a nice bullish engulfing candle. We are confident the resistance line would be broken up soon. watching closely