Scrip is on a very crucial dynamic support line that has been tested many times.
Highly likely to bounce back up from here.
BUT IF IT BREAKS and RETESTS THE TREND LINE TO GO BACK DOWN THEN WE ARE SEEING A GOOD CORRECTION.
Highly likely to bounce back up from here.
BUT IF IT BREAKS and RETESTS THE TREND LINE TO GO BACK DOWN THEN WE ARE SEEING A GOOD CORRECTION.
Note
Broke the trend line and bounced back from support line... Now need to see whether this is a retest or a real bounce back
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.