Riding nicely on the lower trend line
, got support from the horizontal trend line
2 days back and rose above. Although a close on Thursday's reduced session was not bullish
but the fact that it closed above the trendline
still means bulls have a chance to get higher prices. MACD
crossing above from below is bullish
is almost oversold. Previous 7 sessions have shown that bears wanted to move the price down but were unable to, showing relative strength
. A stop below 43.50 can give bulls a great place to go long at current prices.