A price action above 1170 supports a bullish trend direction.
Confirmation for the bullish trend above 1200.
The target level is set at 1250 (200-day simple moving average).
The stop-loss level is at 1130 (lower range of the linear regression channel pattern).
MACD (lower panel) gave a bullish crossover, confirming a change in trend direction to bullish. This occurred in oversold territory.
Confirmation for the bullish trend above 1200.
The target level is set at 1250 (200-day simple moving average).
The stop-loss level is at 1130 (lower range of the linear regression channel pattern).
MACD (lower panel) gave a bullish crossover, confirming a change in trend direction to bullish. This occurred in oversold territory.
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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.