Strong upside momentum remains intact. Some resistance around 3430.
Upward price momentum is halting. The price action might re-test the 14.90 support.
Strong downward momentum remains intact. Oversold round 52.00
The price action tested the 1550 support recently. Price momentum is halting.
Strong downward momentum remains intact. Oversold territory around 1.0850
Share might test the lower range of the inclining channel
Concern: RSI close to 65. Strong upside trend remains intact.
Upside price momentum is busy fading away. Testing its 200-day simple moving average. A break below the 200-day will set the long-term trend to bearish.
A typical M-Top pattern is busy developing which might favour some downside potential. Deteriorating bullish trend over the last couple of days.
Upward price momentum is supporting the bullish bias. Note how the Coppock curve crossed above the zero line supporting a bullish signal.
Upward price momentum is starting to support the trend direction. 200-day simple moving average acted as major support.
Heikin-Ashi confirming a bearish trend. Concern remains the length of such bearish runs.
Expecting a countertrend trade to unfold. Risky setup. Adjust risk accordingly. Time to exit: +/- 28 October 2019
Improving technical score over the last couple of days. Adjust risk according to recent news flow.
Retracted from oversold territory. MACD bullish crossover.
Risky trade. Typical W-bottom pattern is busy unfolding. Might developed into a stronger pattern.