Looking at the support line @ 0.85 L.E
The trend went uptrend to reach 1.35 L.E in 15 Bars Strong Buyer
Then the stock went down from 1.35 L.E to retest the support line @ 0.85 L.E in 85 bars weak selling pressure
This reaction show accumulation unless the support line @ 0.85 L.E still valid
first resistance @ 1.34 L.E
Dr. Tarek Gadallah
The trend went uptrend to reach 1.35 L.E in 15 Bars Strong Buyer
Then the stock went down from 1.35 L.E to retest the support line @ 0.85 L.E in 85 bars weak selling pressure
This reaction show accumulation unless the support line @ 0.85 L.E still valid
first resistance @ 1.34 L.E
Dr. Tarek Gadallah
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Related publications
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.