1. Price candle break out MA 200 on 17 Aug '23 give strong signal the price movement may change direction to bullish soon. 2. Price candle testing MA 200 on 13 Sept '23 and 18 Sept '23 to shake out weak retailers. Price candles maintain closed above MA 200. 3. GC (Golden Cross) MA 50 & MA 20 happen on 30 June '23 give another strong signal the price is build up...
This is like a textbook case, the market pretty much moves in a very uniform manner. With this support(blue line) and resistance(red line) lines it is almost certain that when market break and close above 1, it will move to the next. Pretty much a heaven for traders, but you have to calculate and consider if the commission you need to pay, worth the effort.
IBHD - Bullish candle pushed above upper BB with strong volume and MACD bullish crossover seems to have chance bringing continued trading interest. Resistance at 26.5, support at 24