.
The price action since then tends to indicate that there is support at 160. However, there is also a declining trend line which must be overcome. For the time being best to avoid it and consider going long on a weekly close above 200d especially if supported by strong volume. Here is the latest daily chart.
If you have any comments please write to me at stockmarket.methods.in.madness@gmail.com
Disclaimer: The above analysis is just that - my analysis. If you choose to trade on the basis of this analysis, you will be solely responsible for the outcome of the trade - profit or loss. Please keep in mind that trading and in particular day trading is not for the novice and there is significant risk of loss of capital in trading
No comments:
Post a Comment