Needless to say, the movement up has been micro movement. We still have some resistance to overcome for further noteworthy upside. Th feeling is we may see going beyond 13.9200 for move to 14.50-14.75 area.
However, I am a preferred medium-term seller, whereby we still have extreme overbought conditions of the monthly chart.
No change in view, to sell into higher levels, 14.50-15.50-16.00-16.50 as selected areas, but keep the leverage very low to ensure you can improve the average. Take profit 10.50 - 9.00.
However, I am a preferred medium-term seller, whereby we still have extreme overbought conditions of the monthly chart.
No change in view, to sell into higher levels, 14.50-15.50-16.00-16.50 as selected areas, but keep the leverage very low to ensure you can improve the average. Take profit 10.50 - 9.00.
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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.