The price stays on SMA100 which is a strong support line. RSI confirms price reversal, but the signal is far from the oversold zone. MACD lines support upward movement. DMI tells us that the bears are not so strong and we can open long trades. Pending orders for buy should be placed at 46.50 level and stop orders below the support zone at 39.00 level. Profit targets are 70.00 and 78.00 levels. The part of volume can be left for long run with profit target at 100.00 level.
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💎 Share My BEST Trades here 👉 bit.ly/wubits
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.