Already rebound from its support at level 58.31. MACD histogram is seen to go up slowly in the past few days, while the MACD line hasnt shown the increase yet.
There is a morning star pattern which is supported by the transaction volume.
We expect a technical rebound in the next few days or weeks to its resistance level at 59.63 (if the volume is strong enough to penetrates the resistance line, we will see the price back to its MA 200 at 60.5)
Disclaimer:
The information and recommendations provided are for informational purposes only and should not be considered as financial or investment advice.
There is a morning star pattern which is supported by the transaction volume.
We expect a technical rebound in the next few days or weeks to its resistance level at 59.63 (if the volume is strong enough to penetrates the resistance line, we will see the price back to its MA 200 at 60.5)
Disclaimer:
The information and recommendations provided are for informational purposes only and should not be considered as financial or investment advice.