MDA has been trading in a descending triangle for weeks now. As it is approaching the edge of the triangle there is a possibility to breakout in either direction (UP or DOWN).
However, as long as it does not break down significantly below 23533 lowest low since the downtrend from 14 October, it will most likely breakout UPTREND and the possible targets or resistance levels are in the chart.
However, as long as it does not break down significantly below 23533 lowest low since the downtrend from 14 October, it will most likely breakout UPTREND and the possible targets or resistance levels are in the chart.
Comment:
MDA will be making decision soon to either breakout (UP or DOWN). Le't see what will happen in the next couple of days.
Comment:
Comment:
New Support set at 20209 sat. This should be ab
Comment:
New Support set at 20209 sat. This should be able to hold for now. Good entry level too.