price previouly making a pullback but still stood above the uptrend line.
Expecting price making new high.
D&O is a global manufacturer and supplier of automotive LEDs serving various automakers around the world.
bullish factors: short labor caused the production lower in future.
bearish factors: poor demand from destination.
trading strategy: LONG when market drop near to 3308 support.
SHORT when market reach to resistance 3308.
fcpo is trying to surpass above RSI 50 but failed to do so. very high possibility that the uptrend ends.
Also, HEAD AND SHOULDER could be formed after the price break the neckline (at around 2774)..
so is the bear taking charge soon?
During the last downtrend (Jan- May 20), RSI never surpass above 50 and hence RSI 50 become the resistance.
Similarly, RSI 50 was became the support for the recent bull trend (May 20- current)..
will RSI still continue to support the BULL?