Prediction

Now, price is hovering on the support A and might break up above the trend line A. On the daily chart, the MACD line is above the signal line which is bullish. But if the price break down through support A, the price breakdown might stop at support B for a while until futher reversal or continuation chart pattern is formed.

This is not financial advice.

Comment:

We can also see rejection of lower price at 28 july 2000hrs on the support